IDEAS home Printed from https://ideas.repec.org/a/ags/ngjred/206865.html
   My bibliography  Save this article

Determinants of Rice Farmer’s Access to Credit in Niger State, Nigeria

Author

Listed:
  • Odu, O. O.
  • Okoruwa, Victor O.
  • Adenegan, Kemisola O.
  • Olajide, A. O.

Abstract

The performance of the agricultural sector has been relatively poor considering the attitude of existing financial institutions to the support of the sector. Informal credit supply is limited while formal credit supply is often inaccessible to smallholder farmers. Therefore, borrower’s characteristics that determine access to formal and informal sources of credit were examined. Data collected by the Africa Rice Centre from Niger State in 2009 were used. Multi-stage sampling technique was used to obtain a sample of 373 out of 470 rice farmers from whom information was collected. Descriptive statistics and multinomial logit model were then used to analyse the data. Results revealed that agricultural credit programmes and village residents in the formal and informal credit sectors respectively were the accessible sources of credit. The results also revealed that access to formal credit was significantly increased by experience in rice farming, expenses on fertilizer input and rice income while access to informal credit was significantly increased by gender, duration of village residency, experience in rice farming and expenses on fertilizer input. It is recommended that a suitable credit support programme for access to formal credit should be introduced.

Suggested Citation

  • Odu, O. O. & Okoruwa, Victor O. & Adenegan, Kemisola O. & Olajide, A. O., 2011. "Determinants of Rice Farmer’s Access to Credit in Niger State, Nigeria," Journal of Rural Economics and Development, University of Ibadan, Department of Agricultural Economics, vol. 20, pages 1-13, June.
    • Handle: RePEc:ags:ngjred:206865
    DOI: 10.22004/ag.econ.206865
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/206865/files/Odu.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.206865?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Tang, Sai & Guan, Zhengfei & Jin, Songqing, 2010. "Formal and Informal Credit Markets and Rural Credit Demand in China," 2010 Annual Meeting, July 25-27, 2010, Denver, Colorado 61339, Agricultural and Applied Economics Association.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Enock Kojo Ayesu, 2020. "Empirical Determinants of Traders Access to Credit in Ghana: Does Literacy Level Matter?," Economics Literature, WERI-World Economic Research Institute, vol. 2(1), pages 57-70, June.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Odu, O.O. & Okoruwa, V.O., 2013. "Effect of Credit Constraint on Profit of Small Scale Rice-Based Farmers in Niger State, Northwestern Nigeria," 2013 Fourth International Conference, September 22-25, 2013, Hammamet, Tunisia 161649, African Association of Agricultural Economists (AAAE).
    2. Yusuf Ibrahim Kofarmata & Shri Dewi Applanaidu & Sallahuddin Hassan, 2016. "Determinants of Demand for Credit: A Conceptual Review," Asian Journal of Economics and Empirical Research, Asian Online Journal Publishing Group, vol. 3(1), pages 6-10.
    3. Yusuf Ibrahim Kofarmata & Abubakar Hamid Danlami, 2021. "A micro-level analysis of the intensity of agricultural finance supply in Nigeria: empirical evidence," SN Business & Economics, Springer, vol. 1(1), pages 1-17, January.
    4. Campero Alejandra & Kaiser Karen, 2013. "Access to Credit: Awareness and Use of Formal and Informal Credit Institutions," Working Papers 2013-07, Banco de México.
    5. Wittawat Hemtanon & Christopher Gan, 2020. "Microfinance Participation in Thailand," JRFM, MDPI, vol. 13(6), pages 1-27, June.
    6. Liqiong Lin & Weizhuo Wang & Christopher Gan & David A. Cohen & Quang T.T Nguyen, 2019. "Rural Credit Constraint and Informal Rural Credit Accessibility in China," Sustainability, MDPI, vol. 11(7), pages 1-20, April.
    7. Moumita Basu & Ranjanendra Narayan Nag, 2018. "Dualism, exchange rate, and employment: a structuralist model," Indian Economic Review, Springer, vol. 53(1), pages 287-310, December.
    8. Zibei Chen & Minchao Jin, 2017. "Financial Inclusion in China: Use of Credit," Journal of Family and Economic Issues, Springer, vol. 38(4), pages 528-540, December.
    9. Louis Atamja & Sungjoon Yoo, 2021. "Credit Constraint and Rural Household Welfare in the Mezam Division of the North-West Region of Cameroon," Sustainability, MDPI, vol. 13(11), pages 1-19, May.
    10. Liqiong Lin & Weizhuo Wang & Christopher Gan & Quang T. T. Nguyen, 2019. "Credit Constraints on Farm Household Welfare in Rural China: Evidence from Fujian Province," Sustainability, MDPI, vol. 11(11), pages 1-19, June.
    11. D’Agostino, Anthony L. & Sovacool, Benjamin K. & Bambawale, Malavika Jain, 2011. "And then what happened? A retrospective appraisal of China’s Renewable Energy Development Project (REDP)," Renewable Energy, Elsevier, vol. 36(11), pages 3154-3165.

    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:ags:ngjred:206865. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/dauibng.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.