ANALYSIS OF IMPACT OF SAVING DETERMINANTS ON RESIDENTS OF ABUJA MUNICIPAL AREA COUNCIL

This study examines impact of saving determinants on residents of Abuja Municipal Area Council Descriptive and explanatory research designs are used. A survey technique was employed to collect data from the inhabitants of Abuja Municipal Area Council A sample size of 120 is drawn from the population by the use of quota and purpose non - probability sampling method with data from primary source. The quantitative data is analyzed through descriptive statistics and qualitative with content analysis. Statistical packages for social science (SPSS version 21) and multiple regression analysis are employed with ANOVA to establish the significance level of regression model using F- statistics and t- Statistics to interpret. The ages of the respondents fall from 18 - 51years above, with majority of the respondents being married, of income, the presence of financial institution and interest rate has an impact on the savings of the inhabitants of Abuja Municipal Area Council. The research recommends that the government should include financial literacy in the educational curriculum and also the financial institution should provide more saving outlets. The result showed that the level