LOGISTIC APPROACH OF THE EFFECTS OF FINANCIAL INCLUSION ON THE LIVELIHOOD OF SMALLHOLDER FARMERS IN PLATEAU STATE

Abstract

The overall study's goal was to look into a logistic approach to the effects of financial inclusion on the livelihood of smallholder farmers in Plateau State. The study's particular goal was to find out if Financial Inclusion has a positive effect on the livelihood of smallholder farmers. The study's audience was smallholder farmers who were active in agricultural practices in Plateau State, Nigeria. The sample size was 399 households that par-took in agricultural practices in Plateau State. Primary data were gathered for the study using structured questionnaires. The collection of primary data was done through the administration of questionnaires to selected smallholder farmers. From the data collection process, the researcher was assisted by research assistants that made frequent follow-up on the respondents to ensure that high response rate was achieved. The study used the logistic regression model in carrying the analysis in order to achieve the objective of the study. The study found that financial inclusion plays a significant role in transforming the livelihoods of smallholder farmers in Plateau State. Access to formal financial services such as savings accounts, credit facilities, and insurance products positively influenced farmers’ economic outcomes. The findings of this research study indicate that financial inclusion has a significant positive impact on the livelihood of smallholder farmers in Plateau State, Nigeria. Access to financial services and financial literacy were identified as crucial factors influencing farmers' economic well-being. However, variables such as age, gender, and education did not show significant effects in this context. Based on the research findings, the following recommendations are made: Improve access to financial services, strengthen financial literacy programs, targeted support for vulnerable groups and continuous monitoring and evaluation.