Revisiting the measurement of financial inclusion of rural smallholder farmers in Nigeria

PurposeThis study aims to develop and apply a multidimensional measure of financial inclusion (FI) to address measurement issues and determine the level of FI of rural smallholder farmers and the contribution of domain indicators to the level of FI in Nigeria.Design/methodology/approachThe paper ada...

Full description

Saved in:
Bibliographic Details
Published in:Agricultural finance review 2021-07, Vol.81 (4), p.554-567
Main Authors: Adegbite, Olayinka O, Machethe, Charles L, Anderson, C. Leigh
Format: Article
Language:English
Subjects:
Agricultural economics
Agriculture
Consumer protection
Consumption
Coronaviruses
Cost control
COVID-19
Datasets
Domains
Farmers
Financial inclusion
Financial institutions
Financial planning
Financial services
Food security
Food supply
Households
Indicators
Principal components analysis
Questionnaires
Rural areas
Small farms
Sustainability
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:PurposeThis study aims to develop and apply a multidimensional measure of financial inclusion (FI) to address measurement issues and determine the level of FI of rural smallholder farmers and the contribution of domain indicators to the level of FI in Nigeria.Design/methodology/approachThe paper adapts the Alkire–Foster method to develop a multidimensional FI index (MFII). A stratified two-stage sampling procedure is used to select 2,300 rural respondents from the 2016 Consultative Group to Assist the Poor (CGAP) Smallholder Household Survey.FindingsResults indicate that 78% of rural smallholder farmers in Nigeria are financially excluded. In addition, owning a formal account is significantly different (p 
ISSN:0002-1466
2041-6326
DOI:10.1108/AFR-07-2020-0099