Financial Education and Economic Growth in a Developing University Community: Issues and Pathway

Saliu Adekunle Abdulrauf

Abstract


In a country where financial literacy remains a pressing concern, particularly among developing universities communities, the quest for economic growth and financial security has never been more critical. The paper explore how siting a university in a community have significantly improved the economic wellbeing of their host communities through knowledge-driven, business transactions, and lease of property among others. Despite these economic gains, the establishment of institutions has subjected households in the host communities to untold economic hardship as a result of the expropriation of their ancestral farmland. The establishment also led to high cost of living, scarcity of shelter, food, transportation, among other things. The paper further explores the intricacies of financial literacy and uncovers the impact on the developing university communities and it effect in contributing to the lives of thousands of Nigerian tertiary students and contributing to national development.


Keywords


Financial literacy; Economic growth; Financial education; Development; University community

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DOI: http://dx.doi.org/10.3968/13805

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