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Determinants Of Rural Farmers Preference For Cash-Less Transactions In Imo State

Author

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  • Ukoha, Igwe Ikenna
  • Henri-Ukoha, Ada
  • Ibeagwa, Okwudili
  • Essien, Ubong A.
  • Osuji, Maryann N.

Abstract

The preference for cash-less transaction by Nigerians cannot be exaggerated, but despite its patronage, there exist limited access and utilization of the cash-less technologies among farmers in South-East Nigeria. The study analysed the determinants of rural farmers’ preference for cash-less transactions in Imo state, South-East Nigeria. Multi-stage sampling technique was employed in selection of 100 farmers for the study. The determinant of rural farmers’ preference for cash-less transactions in Imo State, was achieved using logit model. The result of the analysis showed that age (5%), gender (10%) education levels of the farmers (1%), user friendliness of technologies (5%), transaction charge (5%) and security of transactions (5%) were found to be the major determinants of farmers preference for cash-less transactions based on their levels of significance. Centred on the findings, the study recommended the strengthening of the use of cash-less transaction by farmers by providing a favourable financial environment through better orientation programs, so as to enable a smooth transition from a cash-based economy to cash-less economy.

Suggested Citation

  • Ukoha, Igwe Ikenna & Henri-Ukoha, Ada & Ibeagwa, Okwudili & Essien, Ubong A. & Osuji, Maryann N., 2017. "Determinants Of Rural Farmers Preference For Cash-Less Transactions In Imo State," Review of Agricultural and Applied Economics (RAAE), Faculty of Economics and Management, Slovak Agricultural University in Nitra, vol. 20(1), April.
    • Handle: RePEc:ags:roaaec:264572
    DOI: 10.22004/ag.econ.264572
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    References listed on IDEAS

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    1. Ping Gao & Olayinka Owolabi, 2008. "Consumer adoption of internet banking in Nigeria," International Journal of Electronic Finance, Inderscience Enterprises Ltd, vol. 2(3), pages 284-299.
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