Financial literacy and women empowerment

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dc.contributor.authorAnyikwa, B.E.
dc.contributor.authorOkebiorun, J.O.
dc.contributor.authorSheidu, K.O.
dc.date.accessioned2020-03-05T12:11:00Z
dc.date.available2020-03-05T12:11:00Z
dc.date.issued2016-06
dc.descriptionStaff publicationsen_US
dc.description.abstractThe relationship between financial literacy and women empowerment has received a great deal of attention throughout the modern history of literacy and women. This can be traced to the work ofGachuka (2004), who argued that women of all age.' are still left behind in the area of basic literacy. Building on the work of Gachuka, Egunjobi (2005) pointed out that women economic empowerment is low in Nigeria compared to their male counterparts. She explained further that many women still live on menial job and that. most jobs performed by women do not have economic values. Recent research (World Bank, 2001) indicates that gender inequalities in developing countries inhibit women (empowerment) and economic growth The national literacy ratefor women is only 56% compared to 72%for male. Low education coupled with poverty has been variously argued to be one of the major constraints to women empowerment. There are growing numbers of studies analysing the effect of literacy 011 WO;i ell empowerment. In most cases, their conclusion is that literacy stimulates women empowerment. 171e theories in the finance and education literature suggest that education (literacy) reduces the disincentive to entrepreneurship, at the same time give women a sense of belonging and opportunity to contribute to the growth and development of the economy. Financial literacy is the ability to spend, save and manage household income in an effective .vay in order to lift women. and their families out of poverty. 171eabsence of jtnancial lueracy can lead to making poor financial decisions that can have adverse effects 011 the financial health of an individual. Financial literacy according to Valerie-Jarrett (2011) influences savings and investment and ensures efficient allocation 0 resources.en_US
dc.identifier.citationAnyikwa, B.E. Okebiorun, J.O. & Sheidu, K.O. (2016). Financial literacy and women empowerment. Nigerian Journal of Adult and Lifelong Learning, 3(1), 17-27.en_US
dc.identifier.issn0795 01lX
dc.identifier.urihttps://ir.unilag.edu.ng/handle/123456789/8050
dc.language.isoenen_US
dc.publisherJournal of the department of Adult and Non-formal education, University of Benin, Benin Cityen_US
dc.relation.ispartofseriesNigerian Journal of Adult and Lifelong Learning;Vol.3(1)
dc.subjectFinancial literacyen_US
dc.subjectWomen empowermenten_US
dc.subjectLiteracyen_US
dc.subjectEconomic valuesen_US
dc.subjectResearch Subject Categories::SOCIAL SCIENCES::Social sciences::Educationen_US
dc.titleFinancial literacy and women empowermenten_US
dc.typeAnimationen_US
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