ANALYSIS OF RURAL SAVINGS MOBILIZATION FOR POVERTY ALLEVIATION IN IJUMU LOCAL GOVERNMENT AREA OF KOGI STATE.
ANALYSIS OF RURAL SAVINGS MOBILIZATION FOR POVERTY ALLEVIATION IN IJUMU LOCAL GOVERNMENT AREA OF KOGI STATE.
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Date
2004-05
Authors
ADEBAYO, CORNELIUS OWONIYI
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Abstract
This study examined some important factors that determine savings behaviour and the
magnitude of poverty in Ijumu Local Government Area of Kogi State. Primary data were
generated using field interview and structured questionnaires were administered to one hundred
and twenty respondents. The analytical tools employed were descriptive statistics, multiple
regression, Correlation analysis and Foster-Greer-Thorbeeke poverty measures.
A quantitative determination of the dependence of rural savings on some household
socio-economic characteristics like current assets, gross income, farmers’ age, household size
and years of experience of household heads was carried out using regression and correlation
analyses.
The level of savings per household heads per annum in different occupational categoriesfarming,
farming/trading, farming/artisans and farming/civil servants were N14, 989.45, N48,
471.00, N35, 005.30 and N41, 830.92 respectively.
Regression coefficients showed that gross income, age of household heads and years of
experience made significant contributions of about 55% variations in the level of savings. The
results of correlation analysis revealed that of the five socio-economic factors examined, four
were statistically significant at 1% level of probability. These were gross income, age, household
size and years of experience in farming while current asset was not statistically significant.
This study measures the magnitude of poverty in the area to buttress the need to boost the
savings capacity of rural household with the aim of alleviating poverty. The result indicates that
66% of the sampled households live below the poverty line of N1, 274.90 while the poverty gap
index and severity of poverty index were 0.42 and 0.27 respectively.
The study recommends that farmers should have other sources of income apart from
farming because of its seasonality. Savings incentives can be further stimulated through the
physical presence of savings institution in the study area.
Description
A THESIS SUBMITTED TO THE POSTGRADUATE SCHOOL OF AHMADU BELLO
UNIVERSITY, ZARIA, IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR
THE DEGREE OF MASTER OF SCIENCE IN AGRICULTURAL ECONOMICS.
DEPARTMENT OF AGRICULTURAL ECONOMICS AND RURAL SOCIOLOGY,
FACULTY OF AGRICULTURE,
AHMADU BELLO UNIVERSITY,
ZARIA, NIGERIA
MAY 2004
Keywords
ANALYSIS,, RURAL,, SAVINGS,, MOBILIZATION,, POVERTY,, ALLEVIATION,, IJUMU,, LOCAL GOVERNMENT,, AREA,, KOGI STATE.