FINANCIAL LITERACY: A PANACEA TO POVERTY REDUCTION IN NIGERIA

Ben-Caleb, Egbide and Faboyede, Olusola Samuel and Olusanmi, O. and Oyewo, B. and Fakile, A. S. and Adegboyegun, A. E. and Ademola, A. (2019) FINANCIAL LITERACY: A PANACEA TO POVERTY REDUCTION IN NIGERIA. International Journal of Civil Engineering and Technology, 10 (2). ISSN 0976-6308 and ISSN Online: 0976-6316

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Abstract

There are a number of intelligences that humans’ are expected to possess in order to maximise life on the earth. These intelligences include spiritual, mental, physical, social and financial. Whereas all the different intelligences are important determinants of wellbeing, financial intelligence (FI) is pivotal for individual/family prosperity. Unfortunately, the configuration of Nigeria education curriculum at all levels does not include financial intelligence. This lacuna in the educational system has been reckoned to have contributed to the ever increasing rate of poverty in Nigeria. This paper theoretically discussed financial intelligence as a panacea to winning the war against poverty in Nigeria. The discussion covered an overview of the laws of financial intelligence, personal financial statement, the psychology of wealth creation and sources of passive income as well as the process of financial freedom among others. The paper concludes that if financial intelligence is embraced at the same level with other intelligence, the incidence of poverty in Nigeria will plummet significantly.

Item Type:	Article
Uncontrolled Keywords:	Financial, Intelligence, Literacy, Poverty, Nigeria
Subjects:	H Social Sciences > HF Commerce > HF5601 Accounting
Divisions:	Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User:	Mrs Patricia Nwokealisi
Date Deposited:	28 Jun 2021 22:39
Last Modified:	28 Jun 2021 22:39
URI:	http://eprints.covenantuniversity.edu.ng/id/eprint/15108

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