Electronic Wallet Technology and the Enabling Environment of Smallholder Farmers in Nigeria

Agricultural Finance Review, 79(5), pp. 666-688 (2019).

38 Pages Posted: 29 Jul 2019 Last revised: 23 Sep 2019

See all articles by Joseph I. Uduji

Joseph I. Uduji

University of Nigeria Enugu Campus

Elda N. Okolo-Obasi

Development Strategy Centre Nigeria

Simplice Asongu

African Governance and Development Institute

Date Written: July 25, 2019

Abstract

Purpose – The purpose of this paper is to critically examine the impact of growth enhancement support scheme (GESS) on the enabling environment of smallholder farmers in sub-Saharan Africa. Its special focus is to investigate the GESS impact on access to rural farm credit and transport cost of smallholder farmers in the agricultural transformation agenda (ATA) in Nigeria.

Design/methodology/approach – This paper adopts a survey research technique, aimed at gathering information from a representative sample of the population, as it is essentially cross-sectional that describes and interprets what exist at present. A total of one thousand, two hundred farmers were sampled across the six geopolitical zones of Nigeria.

Findings – Results from the use of a double-hurdle model indicate that the GESS has a significant impact on farmers’ access to credit, but does not significantly affect rural farm transport cost, which subsequently influence the price of food in the country.

Practical implication – This implies that if the federal government of Nigeria is to work towards an ideal agricultural transformation agenda, transport networks should be closely aligned with the GESS priorities to provide connectivity to rural areas that provide most of the country’s agricultural output.

Originality/value – This research adds to the literature on agricultural and rural development debate in developing countries. It concludes that embracing rural finance and transportation infrastructure should form the foundation of the ATA in Nigeria, which in turn would provide the enabling environment for more widespread rural economy in sub-Saharan Africa.

Keywords: Agricultural transformation agenda, Double-hurdle model, Smallholder farmers’ enabling environment, Growth enhancement support scheme, Electronic wallet technology, Sub-Saharan Africa

JEL Classification: Q10; Q14; L96; O40; O55

Suggested Citation

Uduji, Joseph I. and Okolo-Obasi, Elda N. and Asongu, Simplice, Electronic Wallet Technology and the Enabling Environment of Smallholder Farmers in Nigeria (July 25, 2019). Agricultural Finance Review, 79(5), pp. 666-688 (2019).. Available at SSRN: https://ssrn.com/abstract=3426738 or http://dx.doi.org/10.2139/ssrn.3426738

Joseph I. Uduji

University of Nigeria Enugu Campus ( email )

Department of Accountancy
Box 15540, Enugu
Enugu, NC Enugu 234
Nigeria

Elda N. Okolo-Obasi

Development Strategy Centre Nigeria ( email )

84Nza Street Independence Layout Enugu
Enugu, 400001
Nigeria
08063631111 (Phone)
400001 (Fax)

Simplice Asongu (Contact Author)

African Governance and Development Institute ( email )

P.O. Box 8413
Yaoundé, 8413
Cameroon

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