FOSTERING FINANCIAL LITERACY AMONG PUBLIC PRIMARY SCHOOL PUPILS IN IBADAN OYO STATE, NIGERIA

Abstract

This paper makes a case for promoting financial literacy among public primary schools in Ibadan Oyo State. From the background of the importance of skills development among primary schools, financial literacy skill development is currently lacking among the population and it is responsible for the poor financial decisions people often take. Two research questions were raised and answered in this study. This paper adopted the survey research design to investigate the current level of financial literacy among public primary school pupils in Ibadan, 300 public primary 5 pupils participated in the study which lasted for three weeks. Two validated instruments were used to collect data for the study. The descriptive statistics of frequency counts, percentage scores, mean and standard deviation was used to analyse the data generated. Results show that the basic knowledge of financial literacy among public primary school pupils in Ibadan is very low, this study therefore recommends that a more radical approach should be taken by Educational Policy makers and Curriculum planners in ensuring that financial literacy is given more attention in the curricular at all levels of education especially at the primary level of education, this when done will help to prepare the children for a better financial future.