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Does farmers’ entrepreneurial competencies explain their household poverty status? Evidence from rural areas of Kwara State, Nigeria

Authors: BALOGUN Olubunmi , Agboola Timothy, Amao Ifeoluwapo O

Publication Type: Journal article

Journal: Cogent Economics & Finance

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Abstract

Ending poverty in all its forms and in all places by 2030 is number one of
the 17 Sustainable Development Goals (SDGs). However, in less than a decade to the
time set for actualizing this goal, poverty is still pervasive in Nigeria and more
endemic among farmers in rural areas. Entrepreneurship is seen as a veritable tool
to alleviate poverty and stimulate economic growth in some developing countries
including Nigeria. Howbeit, little is known about the relationship between farmers’
entrepreneurial competencies and poverty. Thus, this study examined the effects of
farmers’ entrepreneurial competencies on household poverty status in rural areas of
Kwara State, Nigeria. A three-stage sampling procedure was employed in selecting
272 farm households, with at least a member who was engaged in at least one
other means of livelihood (enterprise). Data were collected between February and
March 2019 and analysed with descriptive statistics, factor analysis, Foster, Greer,
and Thorbecke (FGT) weighted poverty indices and probit regression at p = 0.05. At a
daily poverty line of $1.90 (₦684.00) per capita, 55.15% of the households were poor.

The findings indicate that poverty among farm households varied with their
level of entrepreneurial competencies. Perseverance competence significantly
increased household poverty, while social competence reduced it. The findings
suggest poverty reduction strategies that come directly from farmers’ own initiative
and their resilience which is rural focused regardless of other challenges that may
exist.

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BALOGUN,O. Agboola,O.T Amao,I.O . (2022). Does farmers’ entrepreneurial competencies explain their household poverty status? Evidence from rural areas of Kwara State, Nigeria, 10 (1), 1-1.

BALOGUN,O. Agboola,O.T Amao,I.O . "Does farmers’ entrepreneurial competencies explain their household poverty status? Evidence from rural areas of Kwara State, Nigeria" 10, no (1), (2022): 1-1.

BALOGUN,O. and Agboola,O.T and Amao,I.O and . (2022). Does farmers’ entrepreneurial competencies explain their household poverty status? Evidence from rural areas of Kwara State, Nigeria, 10 (1), pp1-1.

BALOGUNO, AgboolaOT, AmaoIO, . Does farmers’ entrepreneurial competencies explain their household poverty status? Evidence from rural areas of Kwara State, Nigeria. 2022, 10 (1):1-1.

BALOGUN,Olubunmi , Agboola,Olusola Timothy, and Amao,Ifeoluwapo O . "Does farmers’ entrepreneurial competencies explain their household poverty status? Evidence from rural areas of Kwara State, Nigeria", 10 . 1 (2022) : 1-1.

B.Olubunmi A.Olusola Timothy & A.Ifeoluwapo O , "Does farmers’ entrepreneurial competencies explain their household poverty status? Evidence from rural areas of Kwara State, Nigeria" vol.10, no.1, pp. 1-1, 2022.

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