Evaluating Nigeria Cashless Policy Implementation


  • Kket Eko Ewa Cross River University of Technology, Calabar, Nigeria
  • Egu Usang Ina University of Calabar




Bankable, cashless policy, cybercrime, macroeconomic, transparency.


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.   

Author Biographies

  • Kket Eko Ewa, Cross River University of Technology, Calabar, Nigeria
    Department of Accountancy, Lecturer 1
  • Egu Usang Ina, University of Calabar
    Department of Accounting, Lecturer 11


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