Volume 12 Issue 1, January, 2024

Cultural Relevance and Financial Literacy as Catalysts for Poverty Alleviation Among Primary School Pupils in Lagos State, Nigeria

Dosunmu, Simeon A., Ashiru, Ismail O., Oyedapo, Philip I., Ebatamehi, Stephen E.

Abstract

The study investigates on the culturally relevance and financial literacy as determinants of poverty alleviation in primary schools in Lagos State, Nigeria. The research design for this study was descriptive research survey design. The population for this study comprises of pupils in public primary schools in Lagos State. The sample of this study comprises of 112 pupils in two local government education authorities in Lagos State. The LGEA’s are Badagry and Ojo local government education authorities. Multistage sampling technique was used for the study. The instrument used was Cultural Relevance and Financial Literacy of Pupil’s Poverty-Alleviation Questionnaires (CRFLPPAQ). Cronbach Alpah techniques was used which obtain reliability co-efficient of r=0.87 on (CRFLPPAQ). Inferential statistics of Pearson Product moment correlations PPMC and t-test was employed to test the hypotheses at a significance level of 0.05. The findings revealed that there is a positive significant relationship between cultural relevance in primary school curricular and poverty-alleviation. Also, there is a positive significant relationship between financial literacy education in primary school and poverty-alleviation, and there is a significant difference between male and female pupils on the cultural relevance and financial literacy education among primary school pupils. The study recommended that, at home, parents should teach their children the habit of saving and investment as well as restraint in borrowing. It is advised that wisdom be applied in household financial management to achieve prudence in the procurement and deployment of financial resources.

Keywords

Cultural Relevance, Financial Literacy, Poverty Alleviation, Gender, Self-Esteem

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