Effects of Social Capital on Well-Being of Rural Households in Southwest Nigeria

The study examined the effects of social capital on well-being of rural households in Southwest Nigeria.The primary data employed in the study were obtained from 439 respondents selected through a multistage sampling technique.Data were analysed using descriptive statistics, fuzzy set and ordered probit model.The results showed that well-being is low in the study area with an aggregate functioning index of 0.4375.The result of the ordered probit revealed that meeting attendance and cash contribution are negatively related to well-being while density of membership index, heterogeneity index and social capital aggregate are all positively correlated with achieved wellbeing.The study therefore recommends that investment in social capital by government and donors should be an important consideration in promoting the living conditions of rural households.