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Periodical article | Leiden University catalogue | WorldCat |
Title: | Rural household consumption - savings behavior in low-income nations: the case of Ago-Iwoye, Nigeria |
Author: | Durojaiye, Bamidele O. |
Year: | 1991 |
Periodical: | African Review of Money, Finance and Banking - Supplement to 'Savings and Development' |
Issue: | 1 |
Pages: | 85-96 |
Language: | English |
Geographic term: | Nigeria |
Subjects: | savings household budget |
External link: | https://www.jstor.org/stable/23027511 |
Abstract: | Development economists hypothesize that saving effort is the key determinant of economic growth and they counsel low-income countries and rural areas to increase their saving efforts as a means of attaining a satisfactory rate of economic growth. Yet the formulation of policies designed to increase saving propensity in rural areas has suffered from a lack of knowledge about the nature of the savings behaviour of rural households in many countries. This study examines the savings behaviour of representative households in Ago-Iwoye, a typical rural area in Nigeria, where a survey was conducted among 56 households in 1989. The results indicate that the households saved, on the margin, about one-fifth of their permanent income and about one-third to the whole of their transitory income. Thus, one can be optimistic about the success of well-designed savings mobilization programmes in mobilizing voluntary savings among households in Ago-Iwoye and perhaps in other rural areas of Nigeria. Bibliogr. |