Abstract: In recent times, financial inclusion has assumed a critical development policy priority in many countries, particularly in developing economies. This paper reviewed past and current research efforts in the achievement of financial inclusion in Nigeria, with the aim of estimating the implication for smallholders. The findings reveal that financial inclusion initiatives are not addressing the needs of smallholders in Nigeria due to difficulties in estimating their creditworthiness, low level of financial and digital literacy, inadequate infrastructure, amidst other factors. The observed level of smallholder exclusion from financial services necessitates the place of developing smallholder-specific financial services and products. The study recommends a systematic approach that aligns the needs of smallholders with the product and services of the financial institutions coupled with the responsiveness of financial institutions and other stakeholders in the financial inclusion process to guarantee sustainability.
Keywords: Smallholder farmers, financial inclusion, digitalization, Nigeria.
Title: Implications of Digital Financial Inclusion for Smallholder Farmers in Nigeria: A Review
Author: M.A. Otitoju, O.E. Adelere, A.O. Akinbola, E.G. Abah
International Journal of Social Science and Humanities Research
ISSN 2348-3156 (Print), ISSN 2348-3164 (online)
Vol. 11, Issue 3, July 2023 - September 2023
Page No: 152-157
Research Publish Journals
Website: www.researchpublish.com
Published Date: 23-August-2023
