IDEAS home Printed from https://ideas.repec.org/a/bcp/journl/v6y2022i11p1006-1010.html
   My bibliography  Save this article

An Examination of the Determinants of Access to Credit among Rural Agricultural Entrepreneurs in Yobe State, Nigeria

Author

Listed:
  • Dr. Abdulhadi Ibrahim

    (Umar Suleiman College of Education, Gshua, Yobe State, Nigeria)

  • Mohammed Indimi Garba

    (Umar Suleiman College of Education, Gshua, Yobe State, Nigeria)

Abstract

The study examines the determinants of access to credit among rural entrepreneurs in Yobe state, Nigeria. Entrepreneurs are faced with numerous challenges with respect to accessing credit to boost their businesses; hence the study attempts to bring out the major determinants of access to credits among rural agricultural entrepreneurs and offers recommendations on what to do to overcome these challenges. To achieve the objectives of this study, we employ Logit regressions and a sample of 270 entrepreneurs was selected from the three geo political zones in the state using random sampling method. Findings from the study show years of entrepreneurial experiences, business plan, financial literacy, number of bank accounts open and membership of cooperative society influence entrepreneurs’ ability to access credit positively while collateral security and cost of borrowing has a negative influence on the entrepreneurs’ ability to access credit facilities from banking sector. The study recommends the need to reduce the cumbersomeness of the credit process and transaction cost involved to the entrepreneurs. The entrepreneurs can also form cooperative groups to make it easier in accessing credit from the financial sector. The process of opening account should also be simplified to enable more entrepreneurs to open the account.

Suggested Citation

  • Dr. Abdulhadi Ibrahim & Mohammed Indimi Garba, 2022. "An Examination of the Determinants of Access to Credit among Rural Agricultural Entrepreneurs in Yobe State, Nigeria," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 6(11), pages 1006-1010, November.
    • Handle: RePEc:bcp:journl:v:6:y:2022:i:11:p:1006-1010
    as

    Download full text from publisher

    File URL: https://www.rsisinternational.org/journals/ijriss/Digital-Library/volume-6-issue-11/1006-1010.pdf
    Download Restriction: no
    File URL: https://www.rsisinternational.org/virtual-library/papers/an-examination-of-the-determinants-of-access-to-credit-among-rural-agricultural-entrepreneurs-in-yobe-state-nigeria/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. W.O. Siyanbola & O.O. Afolabi & O.A. Jesuleye & A.A. Egbetokun & A.D. Dada & H.O. Aderemi & Maruf Sanni & M.A. Rasaq, 2012. "Determinants of entrepreneurial propensity of Nigerian undergraduates: an empirical assessment," International Journal of Business Environment, Inderscience Enterprises Ltd, vol. 5(1), pages 1-29.
    2. O . A Adekoya, 2014. "The Patterns and Determinants of Agricultural Credit Use among Farm Households in Oyo State, Nigeria," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 4(10), pages 1290-1297, October.
    3. O. A Adekoya, 2014. "The Patterns and Determinants of Agricultural Credit Use among Farm Households in Oyo State, Nigeria," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 4(10), pages 1290-1297.
    4. World Bank, 2017. "World Development Indicators 2017," World Bank Publications - Books, The World Bank Group, number 26447.
    Full references (including those not matched with items on IDEAS)

    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. Michael Ameh & Sang Hyeon Lee, 2022. "Determinants of Loan Acquisition and Utilization among Smallholder Rice Producers in Lagos State, Nigeria," Sustainability, MDPI, vol. 14(7), pages 1-14, March.
    2. Brausmann, Alexandra & Bretschger, Lucas, 2018. "Economic development on a finite planet with stochastic soil degradation," European Economic Review, Elsevier, vol. 108(C), pages 1-19.
    3. Johnny Flentø, 2021. "Ending Poverty in All its Forms Everywhere," DERG working paper series 21-13, University of Copenhagen. Department of Economics. Development Economics Research Group (DERG).
    4. Boukraine, Wissem, 2020. "The finance-inequality nexus in the BRICS countries: evidence from an ARDL bound testing approach," MPRA Paper 101976, University Library of Munich, Germany.
    5. Kym Anderson & Kimie Harada, 2019. "How Much Wine Is Really Produced and Consumed in China, Hong Kong, and Japan?," World Scientific Book Chapters, in: Kym Anderson (ed.), The International Economics of Wine, chapter 15, pages 379-404, World Scientific Publishing Co. Pte. Ltd..
    6. Dreher, Axel & Fuchs, Andreas & Langlotz, Sarah, 2019. "The effects of foreign aid on refugee flows," European Economic Review, Elsevier, vol. 112(C), pages 127-147.
    7. Njangang, Henri & Nembot Ndeffo, Luc & Noubissi Domguia, Edmond & Fosto Koyeu, Prevost, 2018. "The long-run and short-run effects of foreign direct investment, foreign aid and remittances on economic growth in African countries," MPRA Paper 89747, University Library of Munich, Germany.
    8. Ehigiamusoe, Kizito Uyi & Lean, Hooi Hooi & Smyth, Russell, 2020. "The moderating role of energy consumption in the carbon emissions-income nexus in middle-income countries," Applied Energy, Elsevier, vol. 261(C).
    9. Théo Benonnier & Katrin Millock & Vis Taraz, 2022. "Long-term migration trends and rising temperatures: the role of irrigation," Journal of Environmental Economics and Policy, Taylor & Francis Journals, vol. 11(3), pages 307-330, July.
    10. Chakraborty, Adrij, 2017. "Colonial Origins and Comparative Development: Institutions Matter," MPRA Paper 86320, University Library of Munich, Germany, revised Feb 2018.
    11. Elert, Niklas & Henrekson, Magnus, 2017. "Entrepreneurship and Institutions: A Bidirectional Relationship," Working Paper Series 1153, Research Institute of Industrial Economics, revised 05 May 2017.
    12. Oludele Emmanuel Folarin, 2019. "Financial reforms and industrialisation: evidence from Nigeria," Journal of Social and Economic Development, Springer;Institute for Social and Economic Change, vol. 21(1), pages 166-189, June.
    13. Klagge Britta & Zademach Hans-Martin, 2018. "International capital flows, stock markets, and uneven development: the case of Sub-Saharan Africa and the Sustainable Stock Exchanges Initiative (SSEI)," ZFW – Advances in Economic Geography, De Gruyter, vol. 62(2), pages 92-107, May.
    14. Arif Ullah & Kashif Raza & Muhammad Nadeem & Usman Mehmood & Ephraim Bonah Agyekum & Mohamed F. Elnaggar & Ebenezer Agbozo & Salah Kamel, 2022. "Does Globalization Cause Greenhouse Gas Emissions in Pakistan? A Promise to Enlighten the Value of Environmental Quality," IJERPH, MDPI, vol. 19(14), pages 1-17, July.
    15. Ben-Salha, Ousama & Dachraoui, Hajer & Sebri, Maamar, 2021. "Natural resource rents and economic growth in the top resource-abundant countries: A PMG estimation," Resources Policy, Elsevier, vol. 74(C).
    16. Isaac Koomson & Abdallah Abdul-Mumuni & Anthony Abbam, 2021. "Effect of financial inclusion on out-of-pocket health expenditure: empirics from Ghana," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 22(9), pages 1411-1425, December.
    17. Hai-Anh H. Dang & Trung X. Hoang & Ha Nguyen, 2021. "The Long-Run and Gender-Equalizing Impacts of School Access: Evidence from the First Indochina War," Economic Development and Cultural Change, University of Chicago Press, vol. 70(1), pages 453-484.
    18. Ngozi Adeleye & Chiamaka Eboagu, 2019. "Evaluation of ICT development and economic growth in Africa," Netnomics, Springer, vol. 20(1), pages 31-53, April.
    19. Marzieh Ronaghi & Michael Reed & Sayed Saghaian, 2020. "The impact of economic factors and governance on greenhouse gas emission," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 22(2), pages 153-172, April.
    20. Philippe Adair & Oksana Nezhyvenko, 2020. "Wage Differentials in EU Transition Economies (2009-2016): How Large a Penalty for Females and Informal Employees?," Proceedings of Economics and Finance Conferences 10913129, International Institute of Social and Economic Sciences.

    More about this item

    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:bcp:journl:v:6:y:2022:i:11:p:1006-1010. 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: Dr. Pawan Verma (email available below). General contact details of provider: https://rsisinternational.org/journals/ijriss/ .

    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.