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Rural micro-financing and food insecurity in Nigeria

Abstract

Background: Significantly, micro and small-scale farmers have contributed to the manufacturing output, employment and exports of Nigeria but in the area of food security they are lacking. The growing hunger in the land, worsened by the vanishing purchasing power of most Nigerians especially in the rural areas is a threat no serious government can afford to treat with indifference. However, access to timely and reliable financing at competitive rates, remains a key bottleneck in the growth of this sector for effective food security. From the foregoing, this study examined the impact of rural micro financing on food insecurity in Nigeria. Materia3s and Methods: The study was carried out in Oyo state through survey design on a sample of 164 respondents drawn from six (6) villages and the data collected though the questionnaire and interview were used for descriptive analysis with logit and tobit regression methods of analysis. Results: The results of the survey showed that lack of credi.....

Article Published 2021 840 hits Available

Poverty and non-inclusive growth in Nigeria

Adegboyega, Raymond. R.

Abstract

The paper examines the impact of poverty on non-inclusive growth using the Autoregressive Distributed Lag regression analysis on data collected from the Central Bank of Nigeria and the World Bank database from 1981 to 2020. The obtained result indicates that the initial economic growth level does not result in poverty reduction, while a positive change in economic growth results in poverty reduction. The paper concluded that inclusive economic growth is significant for poverty reduction when it increases employment and improves opportunities for productive activities among the poor. The article recommended measures, such as stable macroeconomic policies, huge investment in agriculture, infrastructural development, and good governance to sustain the inclusive economic growth rate and reduce poverty in Nigeria. Keywords: Non-inclusive growth; Poverty; Trickle-down effect; ARDL..

Article Published 2023 593 hits Available

Financial inclusion and rural development in Nigeria

Rahaj, Adegboyega Raymond

Abstract

The failure of the formal banking sector to provide financial services in rural areas in the supply of credit to rural communities to engage in economic activities that may promote rural development is recurring on the development agenda as a persistent issue. In line with the above, it becomes necessary to carry out a study on the impact of financial inclusion on rural development in Nigeria. The study employed Johansen cointegration, Error Correction Model (ECM), and Granger causality test methods of analyses on data collected from the Central Bank of Nigeria and World Bank database from 1981 to 2022 to ascertain both the long and short-run relationships among the variables. The result revealed that both the short and long-run relationships confirmed the significant impact of financial inclusion on rural development in Nigeria. The ECM value of -0.45 is statistically significant and indicates a satisfactory speed of adjustment, indicating that 45 percent of the errors are corrected i.....

Article Published 2024 456 hits Available

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