Assessing the Impact of Financial Incentives on Academic Performance, Motivation, and Career Aspirations of Female Economics Students in Ebonyi State, Nigeria

Assessing the Impact of Financial Incentives on Academic Performance, Motivation, and Career Aspirations of Female Economics Students in Ebonyi State, Nigeria

Anuli Regina Ogbuagu – Department of Economics and Development Studies, Alex Ekwueme Federal University Ndufu Alike, Ebonyi State Nigeria

Chibuikem Dibor-Alfred – Department of Economics, Near East University, Nicosia, Turkish Republic of Northern Cyprus

Cynthia F. Dikeogu Okoroigwe – Department of Economics, Alvan Ikoku Federal University of Education, Owerri Nigeria

Nkemdirim Jennifer Ogbonna – Department of Economics and Development Studies, Alex Ekwueme Federal University Ndufu Alike, Ebonyi State Nigeria

Corresponding Email: anulireg@gmail.com

Abstract: This research examines how institutional monetary incentives and parental financial backing influence female Economics students’ academic achievements, motivation levels, and career ambitions at Alex Ekwueme Federal University, Ndufu Alike Ebonyi State (AEFUNAI). Utilizing a descriptive survey methodology and quantitative assessment, data were gathered from 120 female undergraduates (200–400 level) selected via stratified random sampling to ensure balanced representation. A structured questionnaire addressing demographics, financial dependence, academic outcomes, motivation, and career aspirations was distributed during lectures, yielding a Cronbach’s alpha of 0.82, indicating reliability. Descriptive statistics and inferential analyses, including Ordinal Logistic Regression, Chi-square, and ANOVA, were applied to explore relationships and trends. The findings reveal a predominantly young demographic (65% aged 18–22) that heavily relies on parental financial assistance, with limited institutional support. Monetary incentives were identified as significantly improving academic performance, decreasing stress, and promoting motivation and self-efficacy. Participants also associated financial backing with long-term career objectives and ambitions for further studies. While financial assistance is crucial, academic success is also influenced by individual motivation and external factors. The results advocate for increased institutional financial aid and tailored support for off-campus students to enhance equity, retention, and academic excellence among female undergraduates in Nigeria.