Promoting Financial Literacy for People's Sustainable Socio-Economic Development in Nigeria: An Adult Education Approach
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Date
2018
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Published by Institute of Education, University of Ilorin, Ilorin, Nigeria.
Abstract
The need for financial literacy for every young Nigerian has now become necessary key approach in building an economic stability and viable society and the need to promote individual livelihood status. The ability to read, analyze, manage and communicate about the personal financial conditions that affect material wellbeing is of utmost importance. This paper discusses the concept of financial literacy from different authors perspectives and major issues relating to financial literacy were examined. It also examine the concept of sustainable development and the link between financial literacy and people's sustainable development were discussed. It was concluded that financial literacy enhances people's knowledge of financial management prudency and communication thereby promoting their sustainable livelihood status. It was recommended among others that the Central Bank of Nigeria can do a lot to improve financial literacy education in Nigeria by working with providers of financial literacy education in the country to improve efficiency in the delivery of financial education programmes, increasing the awareness of the importance of personal financial education, promoting it and supporting seminars for teachers and facilitators of financial literacy education.
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Promoting, Financial-literacy, Sustainable-development, Economics, Approach