Chapter One — 1.1 Background to the Study

Over the past decade, the relationship between financial literacy and job creation of youth entrepreneurs has become a subject of considerable debate among scholars and industry practitioners alike, particularly within the context of Selected Commercial Banks in Nigeria where operating conditions differ markedly from more developed markets.

Within the context of Selected Commercial Banks in Nigeria, this relationship carries particular significance. Organizations in this setting operate under a distinct combination of economic, regulatory, and market conditions that may amplify or dampen the effect of financial literacy on job creation of youth entrepreneurs, making a context-specific inquiry both timely and necessary.

1.2 Statement of the Problem

Despite a growing body of literature on financial literacy, there remains limited consensus on the precise nature of its relationship with job creation of youth entrepreneurs, particularly within Selected Commercial Banks in Nigeria. Many organizations continue to make decisions about financial literacy without a clear, evidence-based understanding of how those decisions ultimately affect job creation of youth entrepreneurs. This gap between practice and empirical understanding is the central problem this study seeks to address.

1.3 Objectives of the Study

1. To examine the effect of Financial Literacy on job creation of youth entrepreneurs in Selected Commercial Banks in Nigeria.
2. To assess the extent to which financial literacy influences job creation of youth entrepreneurs within the study area.
3. To identify the challenges associated with financial literacy in relation to job creation of youth entrepreneurs.
4. To recommend strategies for optimizing financial literacy in order to improve job creation of youth entrepreneurs.

1.4 Research Questions

1. What is the effect of financial literacy on job creation of youth entrepreneurs in Selected Commercial Banks in Nigeria?
2. To what extent does financial literacy influence job creation of youth entrepreneurs within the study area?
3. What challenges are associated with financial literacy in relation to job creation of youth entrepreneurs?
4. What strategies can be adopted to optimize financial literacy in order to improve job creation of youth entrepreneurs?

1.5 Significance of the Study

This study is significant to a range of stakeholders. For policymakers and regulators, the findings offer evidence to guide the design of frameworks that support healthier outcomes around job creation of youth entrepreneurs. For managers and practitioners within Selected Commercial Banks in Nigeria, the study provides practical insight into how financial literacy can be better managed. Finally, it contributes to the academic literature on entrepreneurship by extending existing knowledge into a specific empirical context, and offers a reference point for future researchers.

1.6 Scope of the Study

The study is limited to an examination of Financial Literacy and its relationship with job creation of youth entrepreneurs within the context of Selected Commercial Banks in Nigeria. It reflects a clearly defined scope of analysis and relies on data and perspectives available within that scope; generalizing the findings beyond this specific context should therefore be done with appropriate caution.