Impact of Financial Literacy on Poverty Reduction in Dadin Kowa Town, Doguwa Local Government Area, Kano State
Abstract
The proportion of the populace living in family units with poverty has been on the
decrease globally but in Nigeria it remains alarming. This study investigated the
impact of financial literacy on poverty reduction in Dadin Kowa Town, Doguwa
Local Government Area, Kano State to explore the effect of financial literacy in the
reduction of situational and generational poverty. The study applied cross
sectional data collected from 200 households in Dadin Kowa Town using
convenience sample technique. Probit model was used in the study with
consumption and standard of living deprivation index as measures of situational
and generational poverties respectively. The outcome of the Probit estimation
revealed that probability of situational poverty reduction increases with financial
literacy but probability of generational poverty reduction decrease with financial
literacy. Based on the outcome the study concluded that financial literacy has a
positive significant effect in the odds of situational poverty reduction with a
negative significant effect in the odds of generational poverty reduction, all things
being equal. The study recommended that government and institutions of learning
should intensify effort to promote the level of households’ financial education.
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Garba, J. S., Adam, S. M., Wowo, Z. D., Ibrahim, S., Ahmad, M. Y. K. &. A. A. (2026). Impact of Financial Literacy on Poverty Reduction in Dadin Kowa Town, Doguwa Local Government Area, Kano State. Rumfa Journal of Arts, Vol. 4(No. 2), 78–99. https://doi.org/10.5281/rumfa.2026.5183
Jamilu Sani Garba, Safiyanu Musa Adam, Zainab Dahiru Wowo, Sunusi Ibrahim, Musa Yusuf Kabara & Aminu Ado Ahmad. "Impact of Financial Literacy on Poverty Reduction in Dadin Kowa Town, Doguwa Local Government Area, Kano State." Rumfa Journal of Arts, vol. Vol. 4, no. No. 2, 2026, pp. 78–99, https://doi.org/10.5281/rumfa.2026.5183
Jamilu Sani Garba, Safiyanu Musa Adam, Zainab Dahiru Wowo, Sunusi Ibrahim, Musa Yusuf Kabara & Aminu Ado Ahmad. "Impact of Financial Literacy on Poverty Reduction in Dadin Kowa Town, Doguwa Local Government Area, Kano State." Rumfa Journal of Arts Vol. 4, no. No. 2 (2026): 78–99. https://doi.org/10.5281/rumfa.2026.5183
Garba, J. S., Adam, S. M., Wowo, Z. D., Ibrahim, S., Ahmad, M. Y. K. &. A. A. 2026, 'Impact of Financial Literacy on Poverty Reduction in Dadin Kowa Town, Doguwa Local Government Area, Kano State', Rumfa Journal of Arts, vol. Vol. 4, no. No. 2, pp. 78–99, available at:
Jamilu Sani Garba, Safiyanu Musa Adam, Zainab Dahiru Wowo, Sunusi Ibrahim, Musa Yusuf Kabara & Aminu Ado Ahmad, "Impact of Financial Literacy on Poverty Reduction in Dadin Kowa Town, Doguwa Local Government Area, Kano State," Rumfa Journal of Arts, vol. Vol. 4, no. No. 2, pp. 78–99, 2026, doi: 10.5281/rumfa.2026.5183
@article{jamilu2026Impactof,
title={{Impact of Financial Literacy on Poverty Reduction in Dadin Kowa Town, Doguwa Local Government Area, Kano State}},
author={{Jamilu Sani Garba and Safiyanu Musa Adam and Zainab Dahiru Wowo and Sunusi Ibrahim and Musa Yusuf Kabara & Aminu Ado Ahmad}},
journal={{Rumfa Journal of Arts}},
volume={{Vol. 4}},
number={{No. 2}},
pages={{78–99}},
year={{2026}},
publisher={{Department of Arts and Humanities, School of Continuing Education, Bayero University, Kano}},
doi={{10.5281/rumfa.2026.5183}}
}
TY - JOUR AU - Jamilu Sani Garba AU - Safiyanu Musa Adam AU - Zainab Dahiru Wowo AU - Sunusi Ibrahim AU - Musa Yusuf Kabara & Aminu Ado Ahmad TI - Impact of Financial Literacy on Poverty Reduction in Dadin Kowa Town, Doguwa Local Government Area, Kano State JO - Rumfa Journal of Arts VL - Vol. 4 IS - No. 2 SP - 78 EP - 99 PY - 2026 DO - 10.5281/rumfa.2026.5183 ER -