Financial Inclusion and Resilience to COVID-19 Economic Shocks in Nigeria
| dc.contributor.author | Adeniran, Adedeji P. | |
| dc.contributor.author | Muthinja, Moses M. | |
| dc.date.accessioned | 2024-04-11T13:05:33Z | |
| dc.date.available | 2024-04-11T13:05:33Z | |
| dc.date.issued | 2024-04-11 | |
| dc.description.abstract | We examine the role of financial inclusion, ownership of bank accounts, and previous use of formal financial saving facilities as a resilience factor in the effect of COVID-19 on households' welfare in Nigeria. Using a novel data set that tracks food security among families in Nigeria before and during COVID-19, we find a negative effect of COVID-19 on welfare. The impact is more severe among male-headed households, those living in the southern region of Nigeria, and lower educated households. We also test how financial inclusion mitigates this effect through a triple difference analysis in which the households that are financially included and in non-agricultural sector are considered the treatment group. Financial inclusion did not support resilience to shock among non-agricultural homes. Given the magnitude and multisectoral dimension of the COVID-19 shock, financial inclusion was not enough to mitigate the effect. This, therefore, points to a role for stronger government support in a large shock like COVID-19. | |
| dc.identifier.isbn | 978-9966-61-249-6 | |
| dc.identifier.uri | https://publication.aercafricalibrary.org/handle/123456789/3778 | |
| dc.language.iso | en | |
| dc.publisher | African Economic Research Consortium | |
| dc.relation.ispartofseries | Research Paper 545 | |
| dc.title | Financial Inclusion and Resilience to COVID-19 Economic Shocks in Nigeria | |
| dc.type | Article |