ASSESSMENT OF MIGRANTS’ REMITTANCES AMONG FARMING HOUSEHOLDS IN KWARA STATE
This study was carried out to assess the remittance received by rural farm households in Kwara State, Nigeria. The specific objectives were to: identify the types and sources of remittances received; evaluate the uses to which remittances were put by household heads; identify the constraints to receipt of remittances; and to identify the determinants of remittance received by households in the study area. Primary data were used for the study. Survey instrument used was semi-structured questionnaire, administered to 120 respondents randomly selected in a fourstage sampling procedure. Analytical tools employed include descriptive statistics, Likert-type scale and regression analysis.The study revealed that majority (98.3%) of the remittances were of internal type whereas 89.2% of remittance were received from respondents’ children. About 57.5% of the respondents used remittance for agricultural activities. Illiteracy was observed to be quite challenging in the study area given that the constraint of form filling at the bank to obtain remittances ranked first with a mean score of 4.03. The OLS regression result indicated R2 value of 0.855. At 5% level, age of household head, marital status, gender, number of remitters, presence of motorable access roads, type and frequency of remittancewere statistically significant.The study recommended that efforts should be targeted towards provision of basic infrastructure by the government. Likewise, provision of motorable roads and communication networks will facilitate receipt of incomes remitted to rural households. Banks should improve on their services targeted towards financial-inclusiveness considering the bulk of the rural remittance received by individuals with limited or no formal education.
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