The study was carried out to analyze the economics of beekeeping in Chibok Local
Government Area of Borno State, Nigeria. Data were obtained using structured questionnaire.
Three (3) wards (extension blocks) were purposely selected out of the eleven (11) wards to reflect
areas where beekeeping is predominantly found. A total of 100 respondents were randomly and
proportionately selected from the three (3) wards and used for the study. Descriptive statistics,
budgetary technique and multiple regression were used as analytical tools. The result indicates that
majority (90%) were male, most of them (56%) had between 20 – 40 colonies, 44% had primary
education and 40% had between 16 – 20 years beekeeping experience in the study area. The results
of multiple regression analysis indicate that the coefficients of age, number of colony owned and
gender were positive and significant at 5% and 10%, respectively. Costs and returns analysis
indicates that gross revenue, total cost and net farm income were N14,234.17, N5,260.65 and
N8,973.74 per colony, respectively. Inadequate credit, theft, bush burning, absconding of bees and
inadequate improved technologies were some of the major problems militating against beekeeping
in the study area. It was recommended that extension agents in the state should be property trained
and provided with all the necessary technological packages required to teach and guide farmers on
improved beekeeping to reduce cost of production, farmers engaged in beekeeping should form
cooperative groups that will enable them obtain credit from government and financial institutions
and non-governmental organisations in collaboration with farmers cooperative groups should
provide improved beekeeping technologies at subsidized rate to the farmers.