The Nexus between Job Security and Personal Financing in Nigeria

14 Pages Posted: 4 Aug 2022 Last revised: 16 Jun 2023

See all articles by Oyınlola M. Akinyede

Oyınlola M. Akinyede

Department of Finance, Redeemers University

Thomas Ayodele

Redeemer's University

Mofoluwaso Iyabode

Redeemer's University

Sunday Festus Olasupo

affiliation not provided to SSRN

Date Written: august 29, 2022

Abstract

The study examined the Nexus between Job security and Personal financing in Nigeria. Personal financing associated with human needs always occurs daily, where income is the drive to satisfy one's daily needs. There is a striking and noticeable connection between job security and personal finances considering that the loss of job and other sources of income can bring about financial disaster to the individual personal life. The research made use of primary data, and the respondents were the individuals in the working-class segment of the Nigerian population. The study concluded that there is a significant relationship between job security and personal financing in Nigeria. Based on the findings of the study, the researchers recommended that employees should prudently allocate their incomes to reduce irrelevant costs and maximise value.

Keywords: Job security, Personal Financing, Personal Physical Investment, Banking habits, day-to-day spendingated]

JEL Classification: D1, E2, J2

Suggested Citation

Akinyede, Oyınlola M. and Ayodele, Thomas and Ojedele, Mofoluwaso Iyabode and Olasupo, Sunday Festus, The Nexus between Job Security and Personal Financing in Nigeria (august 29, 2022). Available at SSRN: https://ssrn.com/abstract=4176449 or http://dx.doi.org/10.2139/ssrn.4176449

Oyınlola M. Akinyede (Contact Author)

Department of Finance, Redeemers University ( email )

Ede, Osun State
Nigeria
+2347069328922 (Phone)

Thomas Ayodele

Redeemer's University ( email )

Km 46, Lagos - Ibadan Expressway
Ogun State
Redemption City, Ogun State 23401
Nigeria

Mofoluwaso Iyabode Ojedele

Redeemer's University ( email )

Km 46, Lagos - Ibadan Expressway
Ogun State
Redemption City, Ogun State 23401
Nigeria

Sunday Festus Olasupo

affiliation not provided to SSRN

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