Exploring the Significance of Financial Stability and the Influence of Expert Financial Advisors on the Financial Well-Being of Nigerian Citizens.

Abstract

The aim of this study is to comprehensively explore the significance of financial stability and assess the influence of expert financial advisors in fostering long-term financial well-being on Nigerian citizens. This study adopted a mixed-methods research design, integrating both qualitative and quantitative approaches. Semi-structured interviews was conducted with a diverse sample of individuals and expert financial advisors. Surveys were administered to a larger sample of individuals to gather quantitative data on their financial decision-making behaviors, perceived financial stability, and the role of expert financial advisors. Thematic analysis was employed to identify recurring themes and patterns within the interview data. Statistics and inferential analyses, such as correlation and regression analyses were used to analyze the survey data. The results of the study indicate that a considerable proportion of the participants’ opinions of financial stability are influenced by economic volatility and market concerns.