| Title: | Socio-economic Factors Determining Participation In Financial Inclusion By Farmers In Cassava Production In Rivers State, Nigeria |
| Author(s): | Kpaama B. R, Okidim I. A, Chukuigwe E. C & Tuaneh G. L |
| Abstract: | This study was conducted to assess the socio-economic factors that determined participation in financial inclusion among small holder cassava farmers in Rivers State, Nigeria.. Specifically, the study described the socio-economic characteristics of the farmers, assessed the socio-economic factors that determined their participation in financial inclusion, and identified the constraints they faced in participating in financial inclusion. A multi-stage sampling procedure was used to sample 357 cassava producers, data were collected through structured questionnaire and analyzed using both descriptive and logit Regression models. The results of the study showed that majority of the respondents, (45.1%) were above the age of 50 years. About 56% of them were male and 44% of them were female and over 83% of them were married. All of them had formal education with average annual income of N408,473.39 and family size of 6 members. The results equally showed that socio-economic factors of the farmers determined 17% of their participation in financial inclusion/ with the farmers’ sex and farm size showing significant impact at 1% significant level. the conditions demanded by providers of financial services were rated the most serious constraint faced by the farmers in participating in financial inclusion in the study area, among other constraints. The study therefore recommended that providers of financial inclusion services/products should develop and introduce specialized services/products tailored to the needs and socio-economic characteristics of the farmers in order to enhance higher participation from them. |
| Keywords: | Socio-economic factors, Financial Inclusion, Participation, Productivity |
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