Browsing by Author "Sufiyanu Umma Yahaya"

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Financial Literacy and Financial Inclusion
(Zakariya Journal of Social Sciences (ZJSS), 2023) Musa Abdullahi Sakanko; Sufiyanu Umma Yahaya; Salihu Abdullahi
The study employed the Probit regression on the National Bureau of Statistics general households survey data to appraise the effect of financial literacy on financial inclusion in Niger State. The estimation result shows that financial literacy positively and statistically influences financial inclusion options (account ownership, bank access, and credit access) in Niger state. Similarly, education status, age, and gender are determinants of financial inclusion. The study concluded that financial literacy is necessary for achieving financial inclusion. To encourage financial inclusion among youth, the government should include financial education in secondary school and tertiary to teach skills and information on how to utilize and manage financial services and products. The central bank should also mandate the financial institutions to establish customer financial advisory units to educate their clients on managing and using financial products and services available to them to create wealth, thus improving living standards.
FUEL SUBSIDY AND NIGERIANS’ WELFARE
(Advanced Concept Publisher, 2023) Musa Abdullahi Sakanko; Akomolafe Femi Augustine; Sufiyanu Umma Yahaya
FUEL SUBSIDY AND NIGERIANS’ WELFARE
(Advanced Concept Publishers, 2023) Musa Abdullahi Sakanko; Akomolafe Femi Augustine; Sufiyanu Umma Yahaya
Fuel subsidies tend to disproportionately benefit higher-income groups who consume more fuel, rather than effectively targeting the most vulnerable segments of society. This regressive nature of subsidies can exacerbate income inequality and hinder efforts to achieve equitable socio-economic development. To ensure the welfare of Nigerians, it is vital to adopt a comprehensive and sustainable approach to energy pricing and subsidy reform. This approach should involve phasing out fuel subsidies gradually, while simultaneously implementing targeted social safety nets and support programs for the most vulnerable populations. Moreover, it is crucial to invest in alternative energy sources and infrastructure to reduce reliance on fossil fuels in the long run, promoting a more sustainable and environmentally friendly future. Ultimately, striking a balance between short-term relief and long-term sustainable development is essential to improve the welfare of Nigerians. By carefully evaluating the costs and benefits of fuel subsidies and implementing well-designed policies, the government can work towards a more equitable and prosperous society for all its citizens.
LOGISTIC APPROACH OF THE EFFECTS OF FINANCIAL INCLUSION ON THE LIVELIHOOD OF SMALLHOLDER FARMERS IN PLATEAU STATE
(GUSAU JOURNAL OF ECONOMICS AND DEVELOPMENT STUDIES (GUJEDS), 2023) Sunday Baba; Musa Abdullahi Sakanko; Sufiyanu Umma Yahaya; Emma, O. Collins
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.