The main objective of this research is to examine the impact of financial literacy on
employees’ investment decision in Jigawa state. The population of this study is the entire
Staff of Jigawa state. There are 27 local government areas in the state, which are divided
into 3 senatorial districts. Given the wide socio-economic diversity in the state, the
researchers used the stratified sampling technique to group the employees by their
senatorial districts as; Jigawa Central, Jigawa North-East and Jigawa North-West. Then the
convenience sampling method was adopted to select 300 employees from each senatorial
District. In all nine hundred (900) employees participated in this study. The finding reveals
that there is a positive and significant impact of financial literacy on employees’ investment
decision making in Jigawa State. But for the educational level and age the finding also shows
that they have a positive but an insignificant impact on employees’ investment decision
making. Therefore, it is recommended that the governments at all levels should make more
efforts to address the problem of financial literacy in Nigeria by organizing more workshops
and seminars for the employees in collaboration with CBN to reduce the financial exclusion
among Nigerians.
