Title: The Impact of Financial Literacy Program On Students' Investment Behaviours At Ekiti State University
Authors: OKE Michael Ojo, and AYORINDE Babatunde Femi
Volume: 9
Issue: 8
Pages: 175-191
Publication Date: 2025/08/28
Abstract:
The study examined impact of financial literacy program on student investment behaviours at Ekiti State University. The specific objectives were to analyse the impact of financial attitude on student investment behaviours at Ekiti State University; investigate the impact of financial confidence on student investment behaviours at Ekiti State University; and examine the impact of financial knowledge on student investment behaviours at Ekiti State University. The population of this study was three thousand, four hundred and sixty five (3465) as revealed by the Department of Faculty of Management Sciences in Ekiti State University. The total sample size was three hundred and fifty nine (359) which are sample size of the study. Data was examined using frequency tables and multiple regression to achieve the study's goals. A favourable attitude towards money, trust in one's financial talents, and financial knowledge improved Ekiti State University students' investing habits. The fact that the three study goals had 5-point average averages of 4.05, 4.13, and 4.17 supports this. The study found that Ekiti State University students' investing behaviours positively and strongly connect with financial literacy. Investment behaviour, financial attitude, confidence, and knowledge are positively and statistically significant among Ekiti State University students. Better financial literacy programs boost money management knowledge, confidence, and attitude. Positive money attitudes help students manage their money, including spending, saving, and investing, according to this research. Financial mindset and investing practices were favourably correlated among Ekiti State University students. Students can regulate their spending, manage their debt well or badly, save money, pick investments sensibly, and link their financial actions with their long-term objectives, according to the findings. Therefore, its recommended more control of students' spending and money management, more financial literacy programs in school curriculum, and more workshops, seminars, and training to enhance students' financial knowledge, behaviour, and attitudes.