Household Endowment and Poverty Reduction

Abstract

ABSTRACT Due to the prevalence of poverty in Sub-Saharan African countries and Nigeria in particular, this paper seeks to investigate the influence of household endowments in reducing poverty among rural households in Ijebu-Jesa, Osun State. Using a multistage sampling approach, data was collected from 120 households and analysed using frequencies and percentages, Foster Greer and Thorbecke (FGT) index and logistic regression analysis. The result shows that the incidence of poverty among rural households is slightly pervasive (48.3%). It is also realised that gender, membership of the cooperative society, access to mobile, income, and household size are significant variables to explain the effect of the household endowment on poverty reduction. It is therefore recommended that the government should introduce policies aimed at facilitating the smooth establishment of cooperative associations in the study area and that tariffs on telecommunication should be subsidised to encourage more people to access and utilise mobile phones.