FINANCIAL LITERACY, ACCESS TO FINANCE AND THE PROVISION OF SCHOOL RESOURCES AMONG PRIVATE SCHOOLS IN NIGERIA
This study provides empirical data to expose the role of school owners' financial literacy in the relationship between access to finance and the provision of school resources among private schools in south west Nigeria. A multistage sampling technique was adopted to determine the partici...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
“Victor Slăvescu” Centre for Financial and Monetary Research
2024-12-01
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| Series: | Financial Studies |
| Subjects: | |
| Online Access: | http://fs.icfm.ro/Paper01.FS4.2024.pdf |
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| Summary: | This study provides empirical data to expose the role of school
owners' financial literacy in the relationship between access to finance
and the provision of school resources among private schools in south
west Nigeria. A multistage sampling technique was adopted to
determine the participants who participated as respondents in the
study. Three research instruments were adopted for the study. The
instruments used were the private school access to finance
questionnaire, a financial literacy questionnaire, and a school
resources checklist. Data collected were analysed using inferential
statistics of multiple regression and mediation analysis. The findings
show that access to finance significantly influences the provision of
school resources among private schools. The study also found that
school owners' financial literacy mediates the relationship between
access to finance and the provision of school finance among private
schools in south-west Nigeria. The study recommends that financial
literacy courses be included in the university's curriculum for
undergraduates and postgraduate students in the departments and
faculties of education of various universities in Nigeria. |
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| ISSN: | 2066-6071 |