30 CHAPTER 5


Figure 5.2 Change in the value of individually owned assets resulting from participation in Fadama II


Note:


ATT, average effect of the treatment on the treated; FII, Fadama II; LGA, local government authority.


ductive assets (both in terms of absolute value and percentage): an average increase of 91,780 percent (from only 482 to 470,865 nairas).1 The unmatched sample results show a similar pattern—the value of the group assets increased more significantly both in absolute value and percentage (Table 5.3). The reason for this massive increase is that ownership of group productive assets was relatively small for those beneficiaries before the project.2 The large increase in the value of jointly owned productive assets includes the value of the cash transfer (70 percent of the total productive-asset value) from the project to the beneficiaries.


1 This increment is not a simple difference between the before and after values. Rather, it is an increase that takes into account the changes of the control group, that is, ATT / value of assets


of beneficiary before the project. These values are all in real nairas (deflated to 2003 value). 2 However, the preproject level of group assets was significantly larger for Fadama II beneficia- ries than for nonbeneficiaries. This difference might result from a greater tendency of Fadama II beneficiaries to have participated in group activities before the project compared to non- beneficiaries. But it might reflect a reporting error concerning when group assets were acquired by Fadama II beneficiaries (that is, some Fadama II respondents may have mistakenly reported some of the group assets that they acquired under Fadama II as group assets owned before proj- ect inception). If the second case is true, then the impacts of Fadama II on the acquisition of group assets have been underestimated.


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