FINANCIAL INCLUSION AND PERFORMANCE OF LIVESTOCK MARKET IN NIGER STATE
Abstract
he Naira redesign policy, despite its intended excellence, has exacerbated business stagnation and heightened the suffering of the masses. This policy, implemented without a corresponding infusion of the new notes after removing over 70% of the cash in circulation, resulted in significant financial losses and a downturn in business performance. In response to this pressing issue, this study assesses the impact of financial inclusion on the sales performance of livestock market stakeholders in Niger South Senatorial Area. The evaluation of financial inclusion encompasses access to financial services, usage of financial services, and the quality of financial services. Data collection employed a structured closed-ended questionnaire, with research instrument validity assessed using the Average Variance Extracted at the 0.5 level, and reliability verified through a Cronbach's alpha value of 0.7 for all constructs. Structural Equation Modeling on Smart PLS 4.0 was employed for data analysis. Results unveiled a positive and significant relationship for access, usage, and quality at p-values of 0.037, 0.000, and 0.025, with corresponding path coefficients of 0.126, 0.536, and 0.099, respectively. The study further revealed an R-square value of 48.0%, signifying that financial inclusion, through its dimensions, explains a substantial 48% change in the performance of livestock market stakeholders in Niger South Senatorial Area. As a recommendation, emphasis on the usage of financial services is advocated for, as it stands out as a crucial driver for achieving higher performance among livestock market stakeholders.
Keywords:
Financial Inclusion, Livestock Market Performance, Niger South Senatorial Zone, Access to Financial Services, Financial Service Quality, Technology Adoption TheoryPublished
How to Cite
Issue
Licensing

This work is licensed under a Creative Commons Attribution 4.0 International License.