Mobility

Mobile Phones as Mobile Banks and Credit Outlets: The Experience of Farming Households in Rural Southwest Nigeria

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Executive Summary

There is no gainsaying the fact that the increasing awareness and penetration of Information and Communication Technologies (ICTs) into the developing world has transformed the economy of these countries. In fact, the banking sector in many of these countries is not spared. In Nigeria for instance, there has been a lot of awareness and transformation brought about by the ICTs' revolution. Notable among these is the introduction of mobile and e-banking especially into the banking industry. This paper was based on the study conducted to examine the extent to which mobile phones have aided financial services among farming households in rural southwest Nigeria. Data for this study were collected from a random sample of 360 farming households in Ekiti and Osun States.

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