COMPARATIVE ANALYSIS OF COST OF PRODUCTION OF BIOFERTILIZER WITH CHEMICAL FERTILIZER
COMPARATIVE ANALYSIS OF COST OF PRODUCTION OF BIOFERTILIZER WITH CHEMICAL FERTILIZER
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Date
2021
Authors
Abdullahi, B
Adie, D. B
Abubakar, U. A
Giwa, A
Isa, M. T
Bello, T. K
Adetunji, O. A
Anthony, J. D
Adeoye, D. O
Journal Title
Journal ISSN
Volume Title
Publisher
K KASU JOURNAL OF CHEMICAL SCIENCES (KJCS)
Abstract
The effects of chemical fertilizer on soil nutrients that prompted research on alternative
environmentally friendly biofertilizer development is not enough to totally eliminate the
popularity and usefulness of chemical fertilizer by farmers. The sustainability of the later in terms
of its economic values is however the ultimate priority for its general acceptance. This study was
therefore, aimed at comparing the economic sustainability of producing biofertilizer and
commercial chemical fertilizer. The aim was achieved by adopting Bill of Engineering
Management and Evaluation (BEME) technique to carry out the unit cost of each raw materials
used for biofertilizer production. The capital charge analysis, variable cost, fixed cost, direct
production cost and selling price analysis were carried out using appropriate techniques. Fiftyone naira “? 51: 00K” was evaluated as the selling price of the produced biofertilizer compared to
one hundred and ten naira (? 110: 00K) selling price of commercial fertilizer. Biofertilizer has a
better economic value than that of chemical fertilizer as its selling price differs by 53.6 %
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