Despite its relevance, the impact of household endowments (financial and human assets) on household wellbeing has received insufficient study. This study aims to investigate into the impact of household endowments in reducing poverty among rural households in Ijebu-Jesa, Osun State, due to the high occurrence of poverty in Sub-Saharan African nations, notably Nigeria. A multistage sampling procedure was used to collect data from 120 households, which was then analysed using frequencies and percentages, the Foster Greer and Thorbecke (FGT) index, and logistic regression analysis. According to the findings, rural households are modestly impoverished (48.3 percent ). Age, gender, years of schooling, cooperative participation, access to credit, household income, mobile phone access, and household size are all factors that influence the function of household endowment in poverty reduction. Gender (p 0.030), cooperative society membership (p 0.036), household income (p 0.009), mobile phone access (p 0.037), and household size (p 0.000) are all significant variables in explaining the influence of household endowment on poverty reduction. As a result, it is suggested that the government implement programmes and regulations aimed at easing the formation of cooperative groups in the studied area. Furthermore, telecommunications costs should be subsidised to encourage more people to use and access mobile phones.
Author(S) Details
O. J. Ijila
Department of Agricultural Economics and Extension, University of Fort Hare, P/Bag X1314, Alice, South Africa.
W. A. Sanusi
Department of Agricultural Economics and Extension, Ladoke Akintola University of Technology, Ogbomoso, Nigeria.
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