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

Olayinka O. Adegbite, Charles Machethe and C. Leigh Anderson

Agricultural Finance Review, 2021, vol. 81, issue 4, 554-567

Abstract: Purpose - This 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/approach - The 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. Findings - Results indicate that 78% of rural smallholder farmers in Nigeria are financially excluded. In addition, owning a formal account is significantly different (p

Keywords: Rural farmers; Financial inclusion; Alkire–Foster method; Smallholder agriculture; Nigeria (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eme:afrpps:afr-07-2020-0099

DOI: 10.1108/AFR-07-2020-0099

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