Determinants of Digital Financial Service Usage Among Smallholder Farmers in North Central Nigeria

Ogunfolaju, M.O and Kolawole, A. E. and Akangbe, J. A. and ONYEMENAM,, J. and Okonta, O. and Ojo, I.E. Determinants of Digital Financial Service Usage Among Smallholder Farmers in North Central Nigeria. JZU Natural Science. ISSN 1671-6841

Text MARCUS PAPER.pdf Download (606kB)

Abstract

This study investigates the usage and determinants of Digital Financial Services (DFS) among smallholder farmers in North Central Nigeria. A multistage sampling technique was used to select 813 respondents across Niger, Kogi, and Kwara States. Binary logistic regression analysis revealed that education positively and significantly influences DFS adoption, while age, marital status, household size, income, and land ownership negatively influence it. However, variables like sex, mobile phone ownership, internet access, farm size, and farming experience showed no significant impact. Despite high mobile (97.4%) and internet-enabled phone ownership (72.4%), adoption gaps remain. The findings emphasize the importance of education and digital literacy in promoting DFS uptake. Addressing barriers like trust, usability, and perceived relevance is essential to deepen digital financial inclusion for rural farmers.

Actions (login required)

View Item