ANALYSIS OF SAVINGS MOBILIZATION AND ITS EFFECT ON POVERTY ALLEVIATION AMONG HOUSEHOLDS IN KWALI AND BWARI AREA COUNCILS, ABUJA NIGERIA
ANALYSIS OF SAVINGS MOBILIZATION AND ITS EFFECT ON POVERTY ALLEVIATION AMONG HOUSEHOLDS IN KWALI AND BWARI AREA COUNCILS, ABUJA NIGERIA
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Date
2021-03
Authors
OLORI, Juliana Ojochide
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Abstract
Savings is increasingly being acknowledged as a power tool for poverty alleviation but
the peri- -urban households who are mostly, low cadre workers, peasant farmers and
small-scale business owners lacks savings services. This study analyzed savings
mobilization and poverty alleviation among peri-urban households in Kwali and Bwari
Area Councils Abuja. The study used cross-sectional primary data collected using a wellstructured
questionnaire administered to185 respondents. Descriptive statistics, poverty
gap index, ordered logit regression, and double hurdle model were used in analyzing data
collected. Result showed that the average age of respondents was 31 years, majority of
the respondents were males, 35% had secondary education, and average household size
was 4 persons. Results also showed that 36% of respondents were traders, average year
of experience was 11 years, and 39% adopted cooperative society as strategy for saving.
Double hurdle model results showed that at the first hurdle using the probit regression
model was estimated, age, household size, secondary activities and income significantly
determined households’ decision to save, while at the second hurdle where truncated
regression model was estimated, age of household head, years of experience, secondary
activities, membership of association, access to credit, farm size, poverty status, and
income significantly determine the households’ intensity of savings. Results of the
poverty gap index showed that majority (50.8%) of respondents were non-poor, and that
the poverty incidence, depth and severity were 0.49, 0.28 and 0.56 respectively. Results
further showed that amount saved, age, level of education, primary occupation,
secondary activities, access to credit, and farm size had significant effects on households’
poverty status.
In decreasing magnitude of importance, the study identified fear of safety of income as
the major constraints to saving in the study area. Others are family and societal demand,
access to banks charges and delay in transactions, inadequate of income, and lastly
leadership problem Study recommends that peri- urbanhouseholds should be mobilized,
organized and encouraged by an appropriate agency or institutions like the
development Banks tojoin and participate incooperative societies and clubs so
thatgovernment, NGOs and other relevant organizations can easily reachoutto them
through this medium.
Description
A DISSERTATION SUBMITTED TO THE SCHOOL OF POSTGRADUATE
STUDIES, AHMADU BELLO UNIVERSITY, ZARIA IN PARTIAL
FULFILLMENT FOR THE AWARD OF MASTER OF SCIENCE DEGREE IN
AGRICULTURAL ECONOMICS
DEPARTMENT OF AGRICULTURAL ECONOMICS,
FACULTY OF AGRICULTURE,
AHMADU BELLO UNIVERSITY,
ZARIA, KADUNA STATE, NIGERIA
Keywords
ANALYSIS,, SAVINGS MOBILIZATION,, EFFECT,, POVERTY ALLEVIATION,, HOUSEHOLDS,, KWALI,, BWARI AREA COUNCILS,, ABUJA NIGERIA