THE RELATIONSHIP BETWEEN E-INFORMATION SERVICE AND FINANCIAL SECURITY OF YOUTHS IN RIVERS STATE, NIGERIA

Abstract

The study examined e-information service and financial of youths in Rivers State, Nigeria. Three (3) objectives and three (3) hypotheses were formulated to guide the study. The study adopted Schumpeter’s discovery and opportunity theory of entrepreneurship (equilibrium destruction theory). The explanatory survey research design was adopted. The target population of this study was three thousand and five hundred (3,500) registered entrepreneurs engaged in e-information services across the twenty-three (23) Local Government Area in Rivers State, Nigeria. The sample size comprised of three hundred and forty-six (346) respondents. This was obtainable using the Krejcie and Morgan Sample Size Determination of 1970. Spearman Rank Order Correlation Coefficient was used for bivariate analyses (testing the hypotheses one to three). The findings revealed that e-information services positively influence financial security of youths in Rivers State. The study concluded Rivers State youths who are e-information services providers (big data analysis service, plagiarism test services & cybercafé services ), tends to promote socio-economic security in terms of financial security (steady income generation, income multiplicity, ample saving culture &sufficient emergency fund balance). The research therefore, recommended that government should encourage youths who are e-information service provider by supplying them with steady power supply.