Religion and Financial Economy of the World: How the Present Reflect True Godliness

31 Pages Posted: 8 Feb 2017

See all articles by Prof. Godwin Emmanuel Oyedokun

Prof. Godwin Emmanuel Oyedokun

Lead City University Ibadan Nigeria ; OGE Professional Services Ltd; Nasarawa State University, Keffi

Date Written: October 15, 2016


Religion has been found to have a significant impact on the economic well-being of individuals, families and by extension financial economy the world. One's level of income and wealth has been found to be significant in determining a person's financial literacy. This paper therefore seeks to review the history and present on how Religion has help shape financial economy of the world and how the present possibly can be improved upon to reflect true Godliness. The study adopted content analysis and desk review method. The study found that the contribution of religion is enormous and the economy of the world has been impacted positively with the flow of income and wealth of the nations. In Nigeria, all sectors of the economy has witness positive religion contributions and has brought about sustained growth in most especially educational sector where most private universities ae faith–based. This study concluded that the place of religion in financial economy cannot be underestimated in functionality of all sectors of the economy of throughout the world.

Keywords: Religion, Financial economy, United State of America, Nigeria Africa

JEL Classification: M40, M41, M49

Suggested Citation

Oyedokun, Godwin Emmanuel, Religion and Financial Economy of the World: How the Present Reflect True Godliness (October 15, 2016). Available at SSRN: or

Godwin Emmanuel Oyedokun (Contact Author)

Lead City University Ibadan Nigeria ( email )

+2348033737184 (Phone)


OGE Professional Services Ltd ( email )

2nd Floor, Back Wing, 28, Adeyemi Street, Off LUT
Mushin, Lagos

Nasarawa State University, Keffi ( email )

Department of Accounting
Faculty of Administration
Keffi, Nasarawa 234
+23480833737184 (Phone)

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