Evaluating the Effectiveness of Financial Risk Education Programs for Individual Investors in Nigeria

Abstract

This study investigates the effectiveness of financial risk education programs in improving investor knowledge and influencing investment behavior among individual investors in Nigeria. It underscores the importance of financial literacy in navigating the complexities of the investment landscape and highlights the potential benefits of targeted educational interventions. Through a quantitative survey-based approach, the study assesses the impact of three types of financial risk education programs: investment workshops, online resources, and financial literacy programs. The objectives include evaluating the influence of these programs on investor knowledge, investor behavior, and investment experience. The research employs regression analysis to test hypotheses regarding the relationships between financial risk education and the dependent variables. The findings suggest that investment workshops have a significant positive impact on investor knowledge, as well as online resources and financial literacy programs appear less conclusive. Additionally, the study provides insights into the factors influencing investor behavior and investment experience. By examining the effectiveness of financial risk education programs in Nigeria, this research contributes to the broader discourse on financial literacy and its implications for individual financial decision-making and economic development.