Economic Analysis of Adoption of Mulching Technology in Yam Production in Osun State, Nigeria

Abstract

FOREWORD Evidence-based and successful policy requires making investment decisions based on objective and verifiable methods. This is why the Commission has been continuously promoting the use of Cost-Benefit Analyses (CBA) for major infrastructure projects above €50 million. For the first time, in the 2014-2020 period, the basic rules of conducting CBAs are included in the secondary legis-lation and are binding for all beneficiaries. In general, the Member States plan to implement over five hundred major projects in the 2014-2020 period. CBA -that is about measuring in " money terms " all the benefits and costs of the project to society -should become a real management tool for national and regional authorities and therefore we have focused on practical elements in the Guide while keeping abreast of recent developments in the scientific world of welfare economics. In addition, DG Regional and Urban Policy – together with JASPERS -will establish regular CBA forums for exchanging best practices and experience in carrying out CBAs so that we can continue to improve stakeholders' knowledge and its effective application to specific investment projects. For the sake of creating growth and jobs, Member States' projects financed by the European Structural and Investment Funds need to be completed on time and have to provide expected results to our citizens and enterprises.