IDEAS home Printed from https://ideas.repec.org/a/bcp/journl/v8y2024i10p2197-2209.html
   My bibliography  Save this article

Does Microfinance Participation Affect Food Insecurity? An Empirical Evidence from Fish Farmers in Osun State, Nigeria

Author

Listed:
  • OLARINRE, Abiola Adebunmi

    (Department of Agricultural Economics, Ladoke Akintola University of Technology, Ogbomoso, Nigeria.)

  • OLADEEBO, Job Olatunji

    (Department of Agricultural Economics and Extension, National University of Lesotho, Lesotho, Southern Africa.)

  • AJALA, Adedolapo Kemi

    (Department of Agricultural Economics, Ladoke Akintola University of Technology, Ogbomoso, Nigeria.)

  • JABARU, Muritala Oyedele

    (Department of Agricultural and Resource Economics, Federal University of Technology, Akure, Nigeria.)

  • Adio, Matthew Olufemi

    (Department of Agricultural Economics, Federal University, Oye Ekiti, Nigeria.)

Abstract

Nigeria at the moment is currently experiencing a surge in prices of food items with inflation on the rise. Although food insecurity affects the entire world, it is more severe in developing countries; hence, the need to examine the impact of Microfinance Participation on food insecurity among fish farming households in Osun State, Nigeria. A total of 284 respondents who are into fish farming were used for this study. Household food insecurity access scale (HFIAS) and Recursive Bivariate Probit Regression Model were used for the analysis and the impact study. The findings from this research established that most of the fish farming households were food insecured (86.6%) while only a few were food secured (13.4%). Age, years of education, household size, pond size, farming as major occupation and fish farming experience significantly influenced microfinance participation. Conclusively, microfinance participation is established to reduce food insecurity among fish farmers in Osun State, Nigeria. It is recommended therefore, that there should be establishment of more microfinance institutions which will be strictly for fish farmers so as to reduce their food insecurity status and other fish farmers who are not into microfinance participation be encouraged to do so through effective extension agent services.

Suggested Citation

  • OLARINRE, Abiola Adebunmi & OLADEEBO, Job Olatunji & AJALA, Adedolapo Kemi & JABARU, Muritala Oyedele & Adio, Matthew Olufemi, 2024. "Does Microfinance Participation Affect Food Insecurity? An Empirical Evidence from Fish Farmers in Osun State, Nigeria," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 8(10), pages 2197-2209, October.
    • Handle: RePEc:bcp:journl:v:8:y:2024:i:10:p:2197-2209
    as

    Download full text from publisher

    File URL: https://www.rsisinternational.org/journals/ijriss/Digital-Library/volume-8-issue-10/2197-2209.pdf
    Download Restriction: no
    File URL: https://rsisinternational.org/journals/ijriss/articles/does-microfinance-participation-affect-food-insecurity-an-empirical-evidence-from-fish-farmers-in-osun-state-nigeria/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Rashid Hassan & Patrick Birungi, 2011. "Social capital and poverty in Uganda," Development Southern Africa, Taylor & Francis Journals, vol. 28(1), pages 19-37.
    2. Oke, I.T.O. & Kehinde, A.D. & Akindele, A.J., 2019. "Determinants of access to credit by cocoa farmers in osun state, Nigeria," International Journal of Agricultural Research, Innovation and Technology (IJARIT), IJARIT Research Foundation, vol. 9(2), December.
    3. Owoo, Nkechi S. & Upton, Joanna & Bageant, Elizabeth, 2017. "Food Insecurity and Family Structure in Nigeria," 2017 Annual Meeting, July 30-August 1, Chicago, Illinois 258469, Agricultural and Applied Economics Association.
    4. Elias Kuntashula & Lydia M. Chabala & Brian P. Mulenga, 2014. "Impact of Minimum Tillage and Crop Rotation as Climate Change Adaptation Strategies on Farmer Welfare in Smallholder Farming Systems of Zambia," Journal of Sustainable Development, Canadian Center of Science and Education, vol. 7(4), pages 1-95, July.
    5. Oluwakemi Adeola Obayelu & Emem Ime Akpan & Ayodeji O. Ojo, 2021. "Prevalence and correlates of food insecurity in rural Nigeria: A panel analysis," Economia agro-alimentare, FrancoAngeli Editore, vol. 23(2), pages 1-26.
    6. Michael Lokshin & Zurab Sajaia, 2004. "Maximum likelihood estimation of endogenous switching regression models," Stata Journal, StataCorp LP, vol. 4(3), pages 282-289, September.
    7. Obayelu, Oluwakemi Adeola & Akpan, Emem Ime & Ojo, Ayodeji O., 2021. "Prevalence and correlates of food insecurity in rural Nigeria: A panel analysis," Economia agro-alimentare / Food Economy, Italian Society of Agri-food Economics/Società Italiana di Economia Agro-Alimentare (SIEA), vol. 23(2), July.
    8. Bradley, B. & Byrd, K.A. & Atkins, M. & Isa, S.I. & Akintola, S.L. & Fakoya, K.A. & Ene-Obong, H. & Thilsted, S.H., 2020. "Fish in food systems in Nigeria: A review," Monographs, The WorldFish Center, number 40859, April.
    9. Ozili, Peterson K, 2020. "Theories of financial inclusion," MPRA Paper 101810, University Library of Munich, Germany.
    10. Abiodun Olusola Omotayo & Abeeb Babatunde Omotoso & Saidat Adebola Daud & Oluwadara Pelumi Omotayo & Babatunde Afeez Adeniyi, 2022. "Rising Food Prices and Farming Households Food Insecurity during the COVID-19 Pandemic: Policy Implications from SouthWest Nigeria," Agriculture, MDPI, vol. 12(3), pages 1-20, March.
    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. Olutosin Ademola Otekunrin & Ridwan Mukaila & Oluwaseun Aramide Otekunrin, 2023. "Investigating and Quantifying Food Insecurity in Nigeria: A Systematic Review," Agriculture, MDPI, vol. 13(10), pages 1-38, September.
    2. Olutosin A. Otekunrin & Oluwaseun A. Otekunrin & Barbara Sawicka & Piotr Pszczółkowski, 2021. "Assessing Food Insecurity and Its Drivers among Smallholder Farming Households in Rural Oyo State, Nigeria: The HFIAS Approach," Agriculture, MDPI, vol. 11(12), pages 1-20, November.
    3. Adebayo Isaiah Ogunniyi & Abiodun Olusola Omotayo & Kehinde Oluseyi Olagunju & Mistura Adedoyin Rufai & Kabir Kayode Salman & Oluwadara Pelumi Omotayo & Bisola Oyediran & Mobolaji Victoria Adejoorin &, 2024. "Evaluating the Role of Households' Food Security Status and Socioeconomic Determinants on Child Mortality in Nigeria," Child Indicators Research, Springer;The International Society of Child Indicators (ISCI), vol. 17(4), pages 1687-1714, August.
    4. Kehinde, Ayodeji Damilola, 2021. "Impact of Credit Access and Cooperative Membership on Cocoa Productivity in Southwestern Nigeria," 2021 Conference, August 17-31, 2021, Virtual 315855, International Association of Agricultural Economists.
    5. Tambo, Justice A. & Wünscher, Tobias, 2016. "Beyond adoption: welfare effects of farmer innovation behavior in Ghana," Discussion Papers 235297, University of Bonn, Center for Development Research (ZEF).
    6. Melaku, Astewale Bimr & Qaim, Matin & Debela, Bethelhem Legesse, 2024. "Maternal employment in high-value agriculture and child nutrition: Evidence from the Ethiopian cut-flower industry," Food Policy, Elsevier, vol. 128(C).
    7. Giuseppina Guagnano & Elisabetta Santarelli & Isabella Santini, 2016. "Can Social Capital Affect Subjective Poverty in Europe? An Empirical Analysis Based on a Generalized Ordered Logit Model," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 128(2), pages 881-907, September.
    8. Liyan Yu & Jerker Nilsson & Feng Zhan & Song Cheng, 2023. "Social Capital in Cooperative Memberships and Farmers’ Access to Bank Credit–Evidence from Fujian, China," Agriculture, MDPI, vol. 13(2), pages 1-18, February.
    9. Bahta, Y. & Owusu-Sekyeer, E., 2018. "Nexus between homestead food garden programme and land ownership in South Africa: Implication on the income of vegetable farmers," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 277732, International Association of Agricultural Economists.
    10. Tanimonure, Victoria Adeyemi, 2021. "Impact of Climate Adaptation Strategies on the Net Farm Revenue of Underutilized Indigenous Vegetables’ (UIVs) Production in Southwest Nigeria," 2021 Conference, August 17-31, 2021, Virtual 315903, International Association of Agricultural Economists.
    11. Grimm, Michael & Hartwig, Renate & Lay, Jann, 2017. "Does forced solidarity hamper investment in small and micro enterprises?," Journal of Comparative Economics, Elsevier, vol. 45(4), pages 827-846.
    12. Issahaku, Gazali & Abdulai, Awudu, "undated". "Adaptation to Climate Change and its influence on Household Welfare in Ghana," 2017 Annual Meeting, July 30-August 1, Chicago, Illinois 259938, Agricultural and Applied Economics Association.
    13. Beyene, Abebe D. & Mekonnen, Alemu & Bluffstone, Randall & Tesfaye, Yemiru, 2022. "Does Participatory Forest Management Increase Forest Resource Use to Cope with Shocks? Empirical Evidence from Ethiopia," EfD Discussion Paper 22-12, Environment for Development, University of Gothenburg.
    14. Quader, Syed Manzur, 2017. "Differential effect of liquidity constraints on firm growth," Review of Financial Economics, Elsevier, vol. 32(C), pages 20-29.
    15. Awudu Abdulai & Wallace Huffman, 2014. "The Adoption and Impact of Soil and Water Conservation Technology: An Endogenous Switching Regression Application," Land Economics, University of Wisconsin Press, vol. 90(1), pages 26-43.
    16. Muricho, G. & Kulundu, D. & Sule, F., 2018. "Impact Assessment of Agricultural Commercialization on Food Security Among Smallholder Farmers in Kenya: An Application of Correlated Random Effects," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 277325, International Association of Agricultural Economists.
    17. Md. Sadique Rahman & Farhad Zulfiqar & Hayat Ullah & Sushil Kumar Himanshu & Mofasser Rahman & Avishek Datta, 2024. "Does the adoption of homestead gardening increase dietary diversity in climate-vulnerable coastal areas? Evidence from Bangladesh," Asia-Pacific Journal of Regional Science, Springer, vol. 8(3), pages 859-878, September.
    18. Machokoto, Michael & Areneke, Geofry, 2020. "Does innovation and financial constraints affect the propensity to save in emerging markets?," Research in International Business and Finance, Elsevier, vol. 52(C).
    19. Mossie, Mengistie & Gerezgiher, Alemseged & Ayalew, Zemen & Nigussie, Zerihun, 2021. "Welfare effects of small-scale farmers' participation in apple and mango value chains in Ethiopia," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 60(2), May.
    20. Jonathan Haughton & Shahidur R. Khandker & Pungpond Rukumnuaykit, 2014. "Microcredit on a Large Scale: Appraising the Thailand Village Fund," Asian Economic Journal, East Asian Economic Association, vol. 28(4), pages 363-388, December.

    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:8:y:2024:i:10:p:2197-2209. 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.