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Electronic wallet technology and the enabling environment of smallholder farmers in Nigeria

Author

Listed:
  • Uduji, Joseph
  • Okolo-Obasi, Elda
  • Asongu, Simplice
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.

Suggested Citation

  • Uduji, Joseph & Okolo-Obasi, Elda & Asongu, Simplice, 2019. "Electronic wallet technology and the enabling environment of smallholder farmers in Nigeria," MPRA Paper 101516, University Library of Munich, Germany, revised Dec 2019.
    • Handle: RePEc:pra:mprapa:101516
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    References listed on IDEAS

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    Cited by:

    1. Simplice A. Asongu & Sara Roux, 2024. "The Role of Mobile Money Innovations in the Effect of Inequality on Poverty and Severity of Poverty in Sub-Saharan Africa," Information Systems Frontiers, Springer, vol. 26(4), pages 1565-1579, August.
    2. Simplice A. Asongu, 2021. "The Effects of Mobile Phone Technology, Knowledge Creation and Diffusion on Inclusive Human Development in Sub-Saharan Africa," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 12(3), pages 1367-1398, September.
    3. Asongu, Simplice A. & Agyemang-Mintah, Peter & Nting, Rexon T., 2021. "Law, mobile money drivers and mobile money innovations in developing countries," Technological Forecasting and Social Change, Elsevier, vol. 168(C).
    4. Joseph Ikechukwu Uduji & Elda Nduka Okolo-Obasi & Simplice Anutechia Asongu, 2021. "Does growth enhancement support scheme (GESS) contribute to youth development in informal farm entrepreneurship? Evidence from rural communities in Nigeria," Journal of Enterprising Communities: People and Places in the Global Economy, Emerald Group Publishing Limited, vol. 15(3), pages 451-476, February.
    5. Uduji, Joseph Ikechukwu & Okolo-Obasi, Elda Nduka & Asongu, Simplice A., 2021. "Oil extraction in Nigeria's Ogoniland: The role of corporate social responsibility in averting a resurgence of violence," Resources Policy, Elsevier, vol. 70(C).
    6. Simplice A. Asongu & Joseph Nnanna & Paul N. Acha-Anyi, 2020. "Inclusive Education for Inclusive Economic Participation: the Financial Access Channel," Research Africa Network Working Papers 20/019, Research Africa Network (RAN).
    7. Simplice A. Asongu & Nicholas M. Odhiambo, 2022. "Information Technology and Sustainability in Developing Countries: An Introduction," Working Papers of the African Governance and Development Institute. 22/028, African Governance and Development Institute..
    8. Chunyan He & Anjie Li & Ding Li & Junlin Yu, 2022. "Does Digital Inclusive Finance Mitigate the Negative Effect of Climate Variation on Rural Residents’ Income Growth in China?," IJERPH, MDPI, vol. 19(14), pages 1-19, July.
    9. Bingjing Mei & Arshad Ahmad Khan & Sufyan Ullah Khan & Muhammad Abu Sufyan Ali & Jianchao Luo, 2022. "Complementarity or Substitution: A Study of the Impacts of Internet Finance and Rural Financial Development on Agricultural Economic Growth," Agriculture, MDPI, vol. 12(11), pages 1-19, October.
    10. Uduji, Joseph & Okolo-Obasi, Elda & Asongu, Simplice, 2020. "Women’s Participation in the Offshore and Inshore Fisheries Entrepreneurship: the Role of CSR in Nigeria’s Oil Coastal Communities," MPRA Paper 103141, University Library of Munich, Germany.
    11. Simplice A. Asongu & Nicholas M. Odhiambo, 2020. "Social Media and Inclusive Human Development in Africa," Working Papers 20/017, European Xtramile Centre of African Studies (EXCAS).
    12. Asongu, Simplice A. & Odhiambo, Nicholas M., 2020. "Inequality and gender inclusion: Minimum ICT policy thresholds for promoting female employment in Sub-Saharan Africa," Telecommunications Policy, Elsevier, vol. 44(4).
    13. Uduji, Joseph & Okolo-Obasi, Elda & Asongu, Simplice, 2020. "Sustainable Peace building and Development in Nigeria’s Post-Amnesty Programme: the Role of Corporate Social Responsibility in Oil Host Communities," MPRA Paper 103228, University Library of Munich, Germany.
    14. Uduji, Joseph & Okolo-Obasi, Elda & Asongu, Simplice, 2021. "Does Corporate Social Responsibility Initiative Dissuade the Increasing Electoral Violence in sub-Saharan Africa? Evidence from Nigeria’s Oil Producing Region," MPRA Paper 110756, University Library of Munich, Germany.
    15. Kun Song & Yu Tang & Dungang Zang & Hua Guo & Wenting Kong, 2022. "Does Digital Finance Increase Relatively Large-Scale Farmers’ Agricultural Income through the Allocation of Production Factors? Evidence from China," Agriculture, MDPI, vol. 12(11), pages 1-15, November.

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    More about this item

    Keywords

    Agricultural transformation agenda; Double-hurdle model; Smallholder farmers’ enabling environment; Growth enhancement support scheme; Electronic wallet technology; Sub-Saharan Africa;
    All these keywords.

    JEL classification:

    • L96 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Telecommunications
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa
    • Q10 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - General
    • Q15 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Land Ownership and Tenure; Land Reform; Land Use; Irrigation; Agriculture and Environment

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