Social Capital, Food Consumption Expenditure and Rural Poverty Reduction in Nigeria

Sofoluwe Nurudeen Afolabi (), Ologbonsaye Maryam Ademidun, Osisanwo Bukonla Grace and Idowu Adewumi Olubanjo
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Sofoluwe Nurudeen Afolabi: Olabisi Onabanjo University, Nigeria
Ologbonsaye Maryam Ademidun: Olabisi Onabanjo University, Nigeria
Osisanwo Bukonla Grace: Olabisi Onabanjo University, Nigeria
Idowu Adewumi Olubanjo: Olabisi Onabanjo University, Nigeria

Journal of Agribusiness and Rural Development, 2024, vol. 73, issue 3, 302-311

Abstract: This study examines the contribution of social capital to food consumption expenditure as a measure of rural poverty in Oyo state, Nigeria. Specifically, it examines the dimensions of social capital, determines the poverty status of farming households, and analyses how social capital influences consumption expenditure to indicate the level of poverty reduction among the respondents. Primary data was collected using a structured questionnaire. The random sampling approach was used to sample 150 rural farming households. Descriptive statistics, the Foster, Greer, and Thorbecke (FGT) poverty index, and Tobit regression analysis were used to analyze the data. Evidence of social capital was provided through individual participation in different associations, groups, and cooperatives. The average per capita monthly expenditure was estimated at ₦35,226.67 ($37.48). Poverty is more prevalent among females and relatively lower among people between 31 and 40 years of age. People with higher per capita expenditure have relatively lower rates of poverty. Household size, age, and participation in social groups have a statistically significant effect on poverty reduction. Consequently, investment in social capital can smooth the consumption of the poor, thereby reducing poverty.

Keywords: social capital; consumption; poverty; FGT; Tobit; rural (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:pojard:v:73:y:2024:i:3:p:302-311:n:1006

DOI: 10.17306/j.jard.2024.01823

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