IDEAS home Printed from https://ideas.repec.org/a/afj/journl/v24y2022i2p38-50.html
   My bibliography  Save this article

The Impact of Financial Inclusion on the Livelihoods of Rural Smallholder Farmers in Nigeria

Author

Listed:
  • Olayinka Adegbite
  • Charles L. Machethe

    (University of Pretoria)

Abstract

This study assesses the impact of multidimensional financial inclusion on the livelihoods of smallholder farmers using the Consultative Group to Assist the Poor survey data on 2,300 rural smallholder farmers in Nigeria. Estimates from propensity score matching show that financial inclusion reduced the sole dependence of rural smallholder farmers on farm income by 37.58% but increased their engagement in both farm and non-farm income activities by 32.45%. Therefore, for policies aimed at promoting sustainable rural livelihoods and inclusive economic development, efforts to increase the financial inclusion of rural smallholder farmers should be intensified, as this strengthens the integration of farm and non-farm economic sectors.

Suggested Citation

  • Olayinka Adegbite & Charles L. Machethe, 2022. "The Impact of Financial Inclusion on the Livelihoods of Rural Smallholder Farmers in Nigeria," The African Finance Journal, Africagrowth Institute, vol. 24(2), pages 38-50.
    • Handle: RePEc:afj:journl:v:24:y:2022:i:2:p:38-50
    as

    Download full text from publisher

    File URL: https://journals.co.za/doi/abs/10.10520/ejc-finj_v24_n2_a3
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Financial inclusion; Livelihoods; Rural smallholder farmer; Propensity sore matching; Nigeria;
    All these keywords.

    JEL classification:

    • Q14 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Finance

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:afj:journl:v:24:y:2022:i:2:p:38-50. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kirk De Doncker (email available below). General contact details of provider: https://edirc.repec.org/data/afrgrza.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.