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The study was conducted to investigate the economics of dry season vegetable production in Ogun state, Nigeria.

Descriptive statistics, budgetary technique and regression analysis model were used to analyze the data collected from 120 respondents using multistage sampling technique.

Descriptive statistics showed that while the mean age of the farmers was 62.1 ± 38.78, the mean farming experience was 17.3 ± 12.84. Majority (56.7%) of the respondents were uneducated. Vegetable enterprise in the area was male-dominant. The result of budgetary analysis revealed that the average net and total income were ₦ 55,405.29 and ₦ 131,514, respectively. While the average total variable cost was ₦ 64,767.29, average total cost was ₦ 76,108.70. Benefit cost ratio and rate of returns were 1.73 and 0.73, respectively. The regression analysis revealed that revenue from vegetable production in the study area was influenced by farm size, seed quantity, farming experience, quantity of labor and fertilizer used.

It is therefore imperative for policymakers to encourage dry season vegetable farming as a viable enterprise option for the unemployed and upcoming entrepreneurs. Meanwhile, the government should design and implement policies that would improve access to land, labor, quality seed, water and fertilizers.

The study adds to the growing body of literature on inherent prospects for labor and entrepreneurs as regards the opportunities latent in dry season farming activities.

Informal associations are typical features of farm and non-farm ventures especially within rural communities. Owing to the informality of these associations, members of the groups usually evolve strategies to cope with different kinds of economic and social shocks such as the COVID-19 pandemic or unexpected economic recessions. Accordingly, entrepreneurship and non-farm business development in rural areas require massive finance input, which this group largely lacks owing to agrarian activities which is the main source of revenue. Therefore, to inform rural development policies, this chapter draws on the interrelationships that exist between finance options (including formal, informal and social networks) and small business development. Using the World Bank Living Standards Measurement Survey – Integrated Surveys on Agriculture (LSMS-ISA), the analytics identifies informal financing and social networks as leading alternatives to formal financing option in rural businesses. Therefore, we suggest that the government institutions recognise and formalise informal finance systems. This will not only aid access to government interventions and programmes, but foster collaborations with existing formal institutions and investors for sustainable rural business financing.