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Financial Literacy, Access To Finance And The Provision Of School Resources Among Private Schools In Nigeria

Author

Listed:
  • ONAKOYA, Tunji S.

    (Faculty of Education, University of Johannesburg, Johannesburg, Republic of South Africa.)

  • POTOKRI, Onoriode C.

    (Faculty of Education, University of the Free State, Republic of South Africa.)

Abstract

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.

Suggested Citation

  • ONAKOYA, Tunji S. & POTOKRI, Onoriode C., 2024. "Financial Literacy, Access To Finance And The Provision Of School Resources Among Private Schools In Nigeria," Studii Financiare (Financial Studies), Centre of Financial and Monetary Research "Victor Slavescu", vol. 28(4), pages 6-28, December.
    • Handle: RePEc:vls:finstu:v:28:y:2024:i:4:p:6-28
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    More about this item

    Keywords

    access to finance; financial literacy; private schools; school resources;
    All these keywords.

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • A21 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Pre-college
    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
    • I26 - Health, Education, and Welfare - - Education - - - Returns to Education

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