IDEAS home Printed from https://ideas.repec.org/p/exs/wpaper/23-080.html
   My bibliography  Save this paper

Analysis of Rural Women’s Access to Financial Services and Corporate Social Responsibility in Nigeria’s Niger Delta Region

Author

Listed:
  • Joseph I. Uduji

    (University of Nigeria, Nsukka, Nigeria)

  • Elda N. Okolo-Obasi

    (University of Nigeria, Nsukka, Nigeria)

Abstract

The purpose of this paper is to critically examine the multinational oil companies (MOCs) corporate social responsibility (CSR) initiatives in Nigeria. Its special focus is to investigate the impact of the global memorandum of understanding (GMoU) on enhancing rural women’s financial inclusion in the areas of access to credit, insurance, propensity of the women to save and widening of economic opportunities in the Niger Delta. A total of 800 rural women were sampled across the Niger Delta region of Nigeria. Results from the use of a combined propensity score matching and logit model indicate that GMoU model made significant impact on closing the gaps in financial services, thereby removing women’s constraints on their efforts to enhancing their financial literacy. The result also confirms that, innovative delivery channels and social networks of the GMoUs have reduced some costs in the areas of access to credit, insurance, propensity to save and widening of economic opportunities to rural women in the oil host communities. However, a further look at the rural women’s participation in the CSR activities using SCOTDI, shows that even though the involvement of the women is appreciable, yet it is insignificant when compared with their male counterpart.

Suggested Citation

  • Joseph I. Uduji & Elda N. Okolo-Obasi, 2023. "Analysis of Rural Women’s Access to Financial Services and Corporate Social Responsibility in Nigeria’s Niger Delta Region," Working Papers 23/080, European Xtramile Centre of African Studies (EXCAS).
    • Handle: RePEc:exs:wpaper:23/080
    as

    Download full text from publisher

    File URL: http://publications.excas.org/RePEc/exs/exs-wpaper/Analysis-of-Rural-Womens-Access-to-Financial-Services-and-CSR.pdf
    File Function: Revised version, 2023
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Imran Matin & David Hulme & Stuart Rutherford, 2002. "Finance for the poor: from microcredit to microfinancial services," Journal of International Development, John Wiley & Sons, Ltd., vol. 14(2), pages 273-294.
    2. Diana Fletschner, 2008. "Women's Access to Credit: Does It Matter for Household Efficiency?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 90(3), pages 669-683.
    3. Joseph I. Uduji & Elda N. Okolo-Obasi, 2022. "Gender Equity and Land: the Role of Corporate Social Responsibility in Niger Delta, Nigeria," Working Papers of the African Governance and Development Institute. 22/093, African Governance and Development Institute..
    4. Fletschner, Diana, 2009. "Rural Women's Access to Credit: Market Imperfections and Intrahousehold Dynamics," World Development, Elsevier, vol. 37(3), pages 618-631, March.
    5. Carroll, Archie B., 1991. "The pyramid of corporate social responsibility: Toward the moral management of organizational stakeholders," Business Horizons, Elsevier, vol. 34(4), pages 39-48.
    6. Simplice A. Asongu & Joseph I. Uduji & Elda N. Okolo-Obasi, 2020. "Fighting African capital flight: trajectories, dynamics, and tendencies," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 6(1), pages 1-21, December.
    7. Joseph I. Uduji & Elda N. Okolo-Obasi, 2022. "Gender Equity and Land: the Role of Corporate Social Responsibility in Niger Delta, Nigeria," Working Papers of The Association for Promoting Women in Research and Development in Africa (ASPROWORDA). 22/022, The Association for Promoting Women in Research and Development in Africa (ASPROWORDA).
    8. Nihal Bayraktar & Hippolyte Fofack, 2018. "A Model for Gender Analysis with Informal Production and Financial Sectors," Journal of African Development, African Finance and Economic Association (AFEA), vol. 20(2), pages 1-20.
    9. Kevin Lompo & Jean-Francois Trani, 2013. "Does Corporate Social Responsibility Contribute to Human Development in Developing Countries? Evidence from Nigeria," Journal of Human Development and Capabilities, Taylor & Francis Journals, vol. 14(2), pages 241-265, May.
    10. Uwem E. Ite, 2007. "Changing times and strategies: Shell's contribution to sustainable community development in the Niger Delta, Nigeria," Sustainable Development, John Wiley & Sons, Ltd., vol. 15(1), pages 1-14.
    11. Theresa Mannah-Blankson, 2018. "Gender Inequality and Access to Microfinance: Evidence from Ghana," Journal of African Development, African Finance and Economic Association (AFEA), vol. 20(2), pages 21-33.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Joseph I. Uduji & Elda N. Okolo-Obasi, 2023. "Analysis of Rural Women’s Access to Financial Services and Corporate Social Responsibility in Nigeria’s Niger Delta Region," Working Papers of the African Governance and Development Institute. 23/080, African Governance and Development Institute..
    2. Joseph I. Uduji & Elda N. Okolo-Obasi, 2023. "Analysis of Rural Women’s Access to Financial Services and Corporate Social Responsibility in Nigeria’s Niger Delta Region," Working Papers of The Association for Promoting Women in Research and Development in Africa (ASPROWORDA). 23/019, The Association for Promoting Women in Research and Development in Africa (ASPROWORDA).
    3. Uduji, Joseph Ikechukwu & Okolo-Obasi, Elda Nduka & Asongu, Simplice A., 2021. "Oil extraction in Nigeria's Ogoniland: The role of corporate social responsibility in averting a resurgence of violence," Resources Policy, Elsevier, vol. 70(C).
    4. Joseph Ikechukwu Uduji & Elda N. Okolo‐Obasi & Simplice A. Asongu, 2019. "Corporate social responsibility and the role of rural women in sustainable agricultural development in sub‐Saharan Africa: Evidence from the Niger Delta in Nigeria," Sustainable Development, John Wiley & Sons, Ltd., vol. 27(4), pages 692-703, July.
    5. Joseph I. Uduji & Elda N. Okolo-Obasi, 2022. "Gender Sensitive Responses to Climate Change in Nigeria: The Role of Multinationals’ Corporate Social Responsibility in Oil Host Communities," Working Papers of The Association for Promoting Women in Research and Development in Africa (ASPROWORDA). 22/008, The Association for Promoting Women in Research and Development in Africa (ASPROWORDA).
    6. Joseph I. Uduji & Elda N. Okolo-Obasi, 2022. "Gender Sensitive Responses to Climate Change in Nigeria: The Role of Multinationals’ Corporate Social Responsibility in Oil Host Communities," Working Papers 22/041, European Xtramile Centre of African Studies (EXCAS).
    7. Joseph Ikechukwu Uduji & Elda Nduka Okolo‐Obasi, 2023. "Gender equity and land: The role of corporate social responsibility in Niger Delta, Nigeria," Journal of International Development, John Wiley & Sons, Ltd., vol. 35(6), pages 1216-1238, August.
    8. Joseph I. Uduji & Elda N. Okolo-Obasi & Simplice A. Asongu, 2020. "Sustainable Peace building and Development in Nigeria’s Post-Amnesty Programme: the Role of Corporate Social Responsibility in Oil Host Communities," Working Papers of the African Governance and Development Institute. 20/026, African Governance and Development Institute..
    9. Joseph I. Uduji & Elda N. Okolo-Obasi & Simplice A. Asongu, 2019. "Multinational Oil Companies in Nigeria and Corporate Social Responsibility in the HIV/AIDS Response in Host Communities," Research Africa Network Working Papers 19/012, Research Africa Network (RAN).
    10. Joseph I. Uduji & Elda N. Okolo-Obasi, 2022. "Building Social Capital through Rural Women’s Groups: The Role of Corporate Social Responsibility in Oil Host Communities," Working Papers 22/054, European Xtramile Centre of African Studies (EXCAS).
    11. Joseph I. Uduji & Elda N. Okolo-Obasi, 2022. "Enhancing Female Status by Improving Nutrition: the Role of Corporate Social Responsibility in Nigeria’s Oil Region," Working Papers of The Association for Promoting Women in Research and Development in Africa (ASPROWORDA). 22/023, The Association for Promoting Women in Research and Development in Africa (ASPROWORDA).
    12. Joseph I. Uduji & Elda N. Okolo-Obasi, 2022. "Gender Equity and Land: the Role of Corporate Social Responsibility in Niger Delta, Nigeria," Working Papers of the African Governance and Development Institute. 22/093, African Governance and Development Institute..
    13. Joseph I. Uduji & Elda N. Okolo-Obasi & Simplice A. Asongu, 2020. "Oil Extraction in Nigeria’s Ogoniland: the Role of Corporate Social Responsibility in Averting a Resurgence of Violence," Working Papers 20/088, European Xtramile Centre of African Studies (EXCAS).
    14. Uduji, Joseph & Okolo-Obasi, Elda & Asongu, Simplice, 2019. "The Impact of CSR Interventions on Female Education Development in the Rural Niger Delta Region of Nigeria," MPRA Paper 101798, University Library of Munich, Germany.
    15. Joseph I. Uduji & Elda N. Okolo-Obasi & Simplice A. Asongu, 2020. "Women’s Participation in the Offshore and Inshore Fisheries Entrepreneurship: the Role of CSR in Nigeria’s Oil Coastal Communities," Working Papers 20/012, European Xtramile Centre of African Studies (EXCAS).
    16. Joseph I. Uduji & Elda N. Okolo-Obasi, 2022. "Gender Sensitive Responses to Climate Change in Nigeria: The Role of Multinationals’ Corporate Social Responsibility in Oil Host Communities," Working Papers of the African Governance and Development Institute. 22/041, African Governance and Development Institute..
    17. Joseph I. Uduji & Elda N. Okolo-Obasi & Simplice A. Asongu, 2020. "Women’s Participation in the Offshore and Inshore Fisheries Entrepreneurship: the Role of CSR in Nigeria’s Oil Coastal Communities," Working Papers of the African Governance and Development Institute. 20/012, African Governance and Development Institute..
    18. Joseph I. Uduji & Elda N. Okolo-Obasi, 2020. "Does corporate social responsibility initiative restrain young people from irregular migration in sub-Saharan Africa? Evidence from Nigeria’s oil producing communities," Working Papers 20/061, European Xtramile Centre of African Studies (EXCAS).
    19. Joseph I. Uduji & Elda N. Okolo-Obasi, 2022. "Gender Inequalities in Rural Labour Markets: the Role of Corporate Social Responsibility in Niger Delta, Nigeria," Working Papers of The Association for Promoting Women in Research and Development in Africa (ASPROWORDA). 22/010, The Association for Promoting Women in Research and Development in Africa (ASPROWORDA).
    20. Joseph I. Uduji & Elda N. Okolo-Obasi, 2023. "The Impact of CSR on Rural Women Custodians of Seed, Food and Climate Change Resilience in Nigeria’s Niger Delta Region," Working Papers 23/025, European Xtramile Centre of African Studies (EXCAS).

    More about this item

    Keywords

    Financial services; rural women; corporate social responsibility; multinational oil companies; Nigeria; sub-Saharan Africa;
    All these keywords.

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:exs:wpaper:23/080. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Anutechia Asongu Simplice (email available below). General contact details of provider: http://excas.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.