Determinants Of Rural Farmers Preference For Cash-less Transactions In Imo State

  • UKOHA I
  • HENRI-UKOHA A
  • IBEAGWA O
  • et al.
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Abstract

The preference for cash-less transaction by Nigerians cannot be exaggerated, but despite its patronage, there exist limited access and utilization of the cash-less technologies among farmers in South-East Nigeria. The study analysed the determinants of rural farmers’ preference for cash-less transactions in Imo state, South-East Nigeria. Multi-stage sampling technique was employed in selection of 100 farmers for the study. The determinant of rural farmers’ preference for cash-less transactions in Imo State, was achieved using logit model. The result of the analysis showed that age (5%), gender (10%) education levels of the farmers (1%), user friendliness of technologies (5%), transaction charge (5%) and security of transactions (5%) were found to be the major determinants of farmers preference for cash-less transactions based on their levels of significance. Centred on the findings, the study recommended the strengthening of the use of cash-less transaction by farmers by providing a favourable financial environment through better orientation programs, so as to enable a smooth transition from a cash-based economy to cash-less economy.

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APA

UKOHA, I. I., HENRI-UKOHA, A., IBEAGWA, O., ESSIEN, U. A., & OSUJI, M. N. (2017). Determinants Of Rural Farmers Preference For Cash-less Transactions In Imo State. Review of Agricultural and Applied Economics, 20(1), 16–19. https://doi.org/10.15414/raae.2017.20.01.16-19

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