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Adeoye et al

Greener Journal of Social Sciences

Vol. 10(1), pp. 1-8, 2020

ISSN: 2276-7800

Copyright ©2020, the copyright of this article is retained by the author(s)

https://gjournals.org/GJSC

 

 

 

 

 

 

Effect of Asset Ownership on Poverty Status in Rural Geo-Political Zones of Nigeria

  

1Adeoye A, 2Salman K. K., 3Balogun O.L, 2Rufai M., 2Oguniyi B.

  

1Oyo State College of Agriculture and Technology, Igboora

2 Department of Agricultural Economics, University of Ibadan, Nigeria

3Department of Agricultural Economics and Extension, Babcock University, Ilishan-Remo

 

 

ARTICLE INFO

ABSTRACT

 

Article No.: 01102005

Type: Research

 

 

Poverty is prevalent in rural Nigeria and women are more affected. Accumulation of assets is an important means by which people can improve their livelihood and come out of poverty. This study investigated the aggregate effect of asset ownership on poverty reduction among female headed household (FHH) in rural Nigeria, using the 2013 GHS data. Descriptive statistics, principal component analysis, Foster, Greer and Thorbeeke and Ordered Probit models at α0.05 were used to analyse 424 FHH. Majority (80.7%) of the FHH were widows. Age and household size were 58±13.7 years and 6±3.4 persons per household, respectively, while 57.8% did not have formal education. The index of asset ownership among the FHH was low. Mean per capita expenditure was N30, 258.6 while the poverty line was N20, 172.4 per annum. Sixty-one percent of the FHH were core-poor, 17.5% were moderately poor and 21.9% were non-poor. Poverty incidence, depth and severity increased as household size increased and decreased with the level of education of the households. Aggregate asset ownership, educational level and membership of a cooperative society were the major poverty-reducing variables among the FHH in rural Nigeria.

 

Accepted:  12/01/2020

Published: 31/01/2020

 

*Corresponding Author

Adeoye A.

E-mail: adeoyeadelayo2017@ yahoo.com

 

Keywords:

Asset ownership; Poverty incidence; Female-headed household; Rural Nigeria

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Cite this Article: Adeoye A; Salman KK; Balogun OL; Rufai M; Oguniyi B (2020). Effect of Asset Ownership on Poverty Status in Rural Geo-Political Zones of Nigeria. Greener Journal of Social Sciences, 10(1): 1-8.


 


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