+234 813 0686 500
+234 809 3423 853
info@grossarchive.com

THE IMPACT OF FINANCIAL LITERACY ON ECONOMIC DEVELOPMENT OFNIGERIA

  • Type:Project
  • Chapters:5
  • Pages:65
  • Format:Microsoft Word
(Economics Project Topics & Materials)

  ABSTRACT

Financial Literacy is the ability to make informed judgments and to make effective decisions regarding the use and management of money .The need for financial literacy cant be over emphasized in this our time even as the Central Bank of Nigeria seeks to enahance an efficient economy especially through the e- banking system and thus creating a cashless economy beginning form June 1 2012.
Financial system plays a crucial role in the process of financial intermediation in Particular to the growth of the economy as a whole Hence a better understanding of how it work and what they offer and how to utilize the financial products by the participants of the economy help to create a viable financial system and in turn enhance economic development as the chain effect  of a viable financial system can't be denied on the economy. Financial literacy helps an individual fulfill personal, family, social and governmental responsibilities. Financial education has always been important for consumers in helping them budget and manage their income, save and invest efficiently, and avoid becoming victims of fraud. As financial markets become increasingly sophisticated and as households assume more of the responsibility and risk for financial decisions, financial education is increasingly necessary for individuals, not only to ensure their own financial well-being but also to ensure the smooth functioning of financial markets and the economy.
Surveys of financial literacy indicate consumers in many countries especially African countries do not have adequate financial background or understanding and that they estimate their needs for financial education. It has also been observed that a major bane of economic development is lack of financial literacy and inability to maximize the growing financial markets, due to the ever increasing products and services which are continuously offered.

The study was carried in order to seek  to advance dialogue on financial literacy and analyze its impact on economic development.  The Primary data was used in carrying out the study .Specifically, the tool statistical package for social sciences was used to evaluate the impact of financial literacy on economic development.
The study showed that the  financial literacy is essential for a viable financial system  which would in turn have its effect on the economy as a whole. Also the study showed that economic participants who aren educated up to the level of SSCE and below find it difficult comparing financial products,making use of cash and non cash payments,understanding financial terms etc. the study also found out that high income earners mostly have a good level of financial literacy especially the educated ones while the uneducated one are only aware of basic knowledge of financial products like savings and current accounts
The results of the study revealed that Financial literacy has an impact on economic development and financial literacy plays an essential role in creating a viable financial system that is there is a link between financial literacy and financial system and institutions and economic development

TABLE OF CONTENTS

Certification"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦
Dedication"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦
Acknowledgement"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦
List of tables
2.8.1: banks that liquidated between 1994 and 2006"¦"¦"¦"¦"¦"¦"¦
4.2.1: Data for the Regression Analysis"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦
4.3.1: The Ordinary Least Square regression result"¦"¦"¦"¦"¦"¦"¦"¦
Abstract"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦

CHAPTER 1:  INTRODUCTION

    1. Background to the Study"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦
    2.  Statement of Problem"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦
    3.  Scope of Study"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦
    4. Objectives of Study"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦
    5.  Significance of Study"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦
    6. Research Questions"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦
    7.  Research Hypothesis"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦
    8.  Research Methodology"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦
    9.  Sources of Data"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦

           1.10 Outline of Chapters"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦

 CHAPTER 2: LITERATURE REVIEW
2.1:   Conceptual framework"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦
2.2:   The concept of financial system"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦
2.2.1: The concept of financial distress"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦
2.2.2: The types of banks"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦
2.3: The gap in financial system"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦
2.4: The role of banks in filling the gaps in financial system"¦"¦"¦"¦
2.5: The structure of Nigeria banking system"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦
2.6: The distress in commercial and merchant bank"¦"¦"¦"¦"¦"¦"¦
2.7: Causes of distress in commercial and merchant bank"¦"¦"¦"¦
2.8: commercial and merchant bank and economic growth"¦"¦"¦"¦
2.9: The effects of commercial and merchant bank distress on the growth of             
the economy"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦..

CHAPTER 3:  RESEARCH METHODOLOGY
3. Introduction"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦
3.1 Theoretical framework"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦
3.2 Nature of research method"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦
3.3 Sources of Data"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦
3.4 Method of data presentation and analysis"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦

CHAPTER 4: DATA ANALYSIS AND PRESENTATION
4.1: Introduction"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦
4.2: Presentation of Data"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦
4.3: Data Analysis and Results"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦
4.4: Testing of Hypothesis and Discussion of Results"¦"¦"¦"¦"¦"¦"¦
CHAPTER 5: SUMMARY AND CONCLUSION
5.1: Summary"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦

    1. Findings"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦

5.3 Recommendations"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦
5.4 Conclusion"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦
5.5 Limitation of the studies"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦"¦
 APPENDIXES:
Bibliography
Others.

THE IMPACT OF FINANCIAL LITERACY ON ECONOMIC DEVELOPMENT OFNIGERIA

Share This

Details

Type Project
Department Economics
Project ID ECO0275
Price ₦3,000 ($9)
Chapters 5 Chapters
No of Pages 65 Pages
Format Microsoft Word

500
Leave a comment...

    Details

    Type Project
    Department Economics
    Project ID ECO0275
    Price ₦3,000 ($9)
    Chapters 5 Chapters
    No of Pages 65 Pages
    Format Microsoft Word

    Related Works

    ABSTRACT Financial Literacy is the ability to make informed judgments and to make effective decisions regarding the use and management of money  .The need for financial literacy cant be over emphasized in this our time even as the Central Bank of Nigeria seeks to enahance an... Continue Reading
    ABSTRACT This research work is on the impact of financial literacy on economic development in Nigeria. The main objective of this study is to empirically examine the impact of financial literacy on economic development in Nigeria. This research work made use of secondary data which were obtained from the Central bank of Nigeria Statistical... Continue Reading
    CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY The concept of poverty and material deprivation is a critical one in contemporary social discussions. Social Sciences’ literature is replete with attempt by Economists and other Social Scientists to conceptualize the phenomenon. Poverty has economic, social and political ramifications. The... Continue Reading
    CHAPTER ONE INTRODUCTION 1.1       Background of the Study Financial literacy remains an interesting issue in both developed and developing economies, and has elicited much interest in the recent past with the rapid change in the finance landscape. Atkinson and Messy (2005) defined financial literacy as the combination of... Continue Reading
    IN KWARA STATE   CHAPTER ONE INTRODUCTION 1.1 Background of the Study Financial literacy remains an interesting issue in both developed and developing economies, and has elicited much interest in the recent past with the... Continue Reading
    ABSTRACT This project work attempts to look into the various effects of adult functional literacy programme on economic development. It also examines how effective adult functional literacy programme has contributed to individual development.  The methodological study attempts some strategies and practical solutions to some of the perceived... Continue Reading
    CHAPTER ONE INTRODUCTION 1.1 Background of the Study Financial literacy remains an interesting issue in both developed and developing economies, and has elicited much interest in the recent past with the rapid change in the finance landscape. Atkinson and Messy (2005) defined financial literacy as the combination of consumers’/investors’... Continue Reading
    ABSTRACT The Nigerian financial system experienced series of reforms and amidst these reforms an important component of the sector, the financial market has demonstrated an impressive performance evidenced from its growth especially in the last decade. Coupled with this development,... Continue Reading
                       CHAPTER ONE 1.0                                             INTRODUCTION 1.01      BACKGROUND OF THE STUDY Over the years, Nigeria economy has witnessed... Continue Reading
    Financial Literacy As A Tool To Improving On The Profitability Of Small Scale Enterprises Project Abstract:   Small scale businesses/enterprises play a vital role in developing as a well as developed countries, this is added to the ongoing reforms by the Central Bank of Nigeria for a sustainable financial literacy framework for small and medium... Continue Reading