Effect of financial management training on financial performance of poultry farmers in Kaduna State.

Abstract

Poultry farmers are major contributors to the economy and food security of Nigeria. However, their financial performance remains limited due to their inability to acquire certain skills. This study examined the effect of financial management training on financial performance of poultry farmers in Kaduna. The population comprised of 1200 registered poultry farmers whom have received financial training programmes which entailed working capital and cash management training with Bank of Agriculture, Kaduna branch. Sample size of 291 poultry farmers were arrived at using Krecjie and Morgan table. Primary data was obtained with the aid of questionnaires. Data was analyzed using Partial Least Square, a Structural Equation Modelling (SEM). The study revealed that both working capital and cash management training have positive significant effects on the financial performance of poultry farmers in Kaduna State. It was recommended that financial institutions offering training programmes to their clients should emphasise on working capital and cash management training as they are vital to the success of any business enterprise.