Financial Exclusion and Sustainable Rice Production: A Model of Poverty Reduction in Ndop, Cameroon

International Journal of Economics and Management Studies

© 2018 by SSRG - IJEMS Journal

Volume 5 Issue 12

Year of Publication : 2018

Authors : Moses A. Ofeh and Nashipu Thalut

10.14445/23939125/IJEMS-V5I12P102

How to Cite?

Moses A. Ofeh and Nashipu Thalut, "Financial Exclusion and Sustainable Rice Production: A Model of Poverty Reduction in Ndop, Cameroon," SSRG International Journal of Economics and Management Studies, vol. 5,  no. 12, pp. 8-15, 2018. Crossref, https://doi.org/10.14445/23939125/IJEMS-V5I12P102

Abstract:

 The study examined the relationship that exists among the latent variables of financial exclusion, sustainable rice production and poverty reduction among some smallholder rice farmers in Ndop, Ngoketunjia Division in the North West Region of Cameroon. Data elicited via survey questionnaire administered on a sample of 206 households was analysed based on both factor analysis and structural equation modelling using SPSS 19.0 and SmartPLS 2.0 softwares. The results indicated that financial exclusion was negatively related to sustainable rice production and poverty reduction. Therefore, a unit increase in the level of financial exclusion would result to 24% reduction in sustainable rice production and exacerbate the level of poverty by 7%. The findings indicated that lack of financial inclusion among rice farmers in Ndop significantly and statistically restraint sustainable rice production and exacerbate the level of poverty. The study recommends that the Cameroon government should adopt policies that encourage financial inclusion in the area of rice cultivation, since financial inclusion has the tendency of promoting inclusive growth and development.

Keywords:

Financial exclusion, Sustainable rice production, poverty reduction and structural equation modelling

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