The Influence of Financial Literacy on Investment Decisions Among Youth in Rivers State

Financial literacy has gained increasing recognition as a foundational competency that shapes investment behaviour and long-term wealth accumulation, especially among young adults entering the labour market. This study examines the influence of financial literacy on investment decisions among youths between the ages of 18 and 35 in Rivers State, located in Nigeria's South South geopolitical zone. The study adopts a descriptive survey design, with primary data collected from 300 respondents drawn from higher institutions, young professional groups, and community youth organisations in Port Harcourt and its environs. A structured questionnaire measuring financial knowledge, financial attitude, financial behaviour, and investment choices is administered and validated using Cronbach's alpha. Data are analysed using multiple regression, correlation, and descriptive statistics. The theoretical framework integrates the theory of planned behaviour and the financial socialisation model to explain how literacy levels mediate investment outcomes. The literature reveals that young Nigerians increasingly engage with alternative investments including cryptocurrency, real estate crowdfunding, and mutual funds, yet often lack the conceptual tools to assess risk and return adequately. The study also investigates gender differentials in financial literacy levels and their corresponding investment patterns. Findings are intended to support the design of youth-targeted financial education programmes by the Securities and Exchange Commission and non-governmental organisations in Rivers State. Keywords: financial literacy, investment decisions, youth, Rivers State, financial behaviour