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Abstract
It is necessary that methods to increase profitability be developed, because it is one of the most critical factors dictating the flow of capital. Profitability of tomato (Lycopersicon esculentum Mill.) production and constraints were studied. Data were collected from 80 respondents in local government areas in Ogun State, Nigeria, and analyzed using descriptive statistics and enterprise budgetary analysis. The gross margin was ₦43,350.29 (₦, Nigerian currency) and net profit was ₦36,382.68, indicating that tomato production was profitable. Other estimates of ratio of net returns to total expenses (27%), operating expense ratio (72%), and net farm income ratio (21%) indicated that there is room for improvement in tomato production. Major constraints were lack of access to credit facilities, price fluctuations, and high cost of inputs. Credit accessibility from formal and informal sources, agricultural price support programs for fair pricing of output, provision of subsidies on inputs, and formation of farmer groups/cooperatives are essential to improve productivity and profitability of tomato production under tropical conditions.