This study investigates the relationships between financial inclusion, gender and household welfare. We used baseline data collected from a survey of maize farmers in Nigeria and computed multidimensional indices for financial inclusion and farmers’ household welfare. These indices were then used in a robust seemingly unrelated regression (SUR) model to determine the relationship between financial inclusion and farmers’ welfare, differentiated by gender. The results of the study show that male-headed households are more financially included and have better welfare status than female-headed households, and that financial inclusion is associated with the welfare status of farmers. The results also indicate an association between financial inclusion and higher levels of consumption expenditure, employment, assets and social amenities.
 

Read the paper in the African Journal of Agricultural and Resource Economics.