Financial Inclusion and Livestock Market Performance in Niger South Senatorial District: Bridging the Gap for agricultural MSMES.

Abstract

Abstract Globally, the agricultural industry's performance is a matter of great concern due to its pivotal role in serving various sector economies. This industry, contributing over 25% of the GDP in some developing countries, plays a crucial role in providing food security, reducing poverty, and mitigating environmental risks. In Africa, where agriculture contributes significantly to GDP and employment, its potential remains underexplored, primarily due to traditional practices and lack of innovation. Nigeria, asub-Saharan African nation, faced economic challenges exacerbated by the Naira redesign policy. This policy led to a cash shortage, affecting informal sectors like agriculture, particularly the livestock market. Low patronage and plummeting sales in the cattle market highlighted the reluctance to adopt innovative sales approaches and financial illiteracy. By considering the various important offerings of financial inclusion via its importance, characteristics and prospect for greater effect on the performance of several sector firms, a proposed study was advanced to assess the effect of financial inclusion on the performance of livestock markets in Niger South Senatorial Zone, Niger State. It seeks to bridge the research gap in this crucial sector and explore how financial inclusion, through dimensions such as access to financial services, can enhance business performance. Employing a quantitative survey approach, the study will engage various stakeholders, including producers, dealers, retailers, and brokers. The research's significance lies in contributing valuable insights into enhancing the performance of agricultural MSMEs, promoting financial inclusion, and informing policy decisions to support economic development. By understanding the nexus between financial inclusion and livestock market performance, this study strives to foster growth and resilience in the agricultural sector. Keywords: Financial inclusion, performance, Niger, financial usage, financial access.