Evaluating Nigeria Cashless Policy Implementation

Kket Eko Ewa, Egu Usang Ina

Abstract


The Central Bank of Nigeria introduced cashless policy initiative to accomplish two main macro-socio-economic policy objectives of increased convenience and greater financial inclusion in Nigeria. This study evaluates Nigeria cashless policy implementation using a four point Likert scale questionnaire administered to six hundred respondents. The results of the study show that the twin policy objectives investigated were partially achieved. Also the study reveals that social infrastructures in power and telecommunications need improvement and expansion and the need to create more awareness to encourage the unbanked to embrace banking culture. This study recommends vigorous investments on cyber security, strengthening of internet protocol and controls in the banks and enactment of relevant legislative laws to curb cybercrimes.   


Keywords


Bankable, cashless policy, cybercrime, macroeconomic, transparency.

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DOI: http://dx.doi.org/10.18533/ijbsr.v6i5.941

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