Evaluating Nigeria Cashless Policy Implementation
Kket Eko Ewa,Egu Usang Ina +1 more
TLDR
In this article, the Central Bank of Nigeria introduced cashless policy initiative to accomplish two main macro-socioeconomic policy objectives of increased convenience and greater financial inclusion in Nigeria, the results of the study show that the twin policy objectives investigated were partially achieved.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.read more
Citations
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Journal ArticleDOI
Cashless Policy and Financial Performance of Deposit Money Banks in Nigeria
TL;DR: In this article, the authors investigated the effect of Central Bank of Nigeria Cash less Policy and the financial performance of Deposit Money Banks in Nigeria and concluded that E-banking products as a proxy for cash less policy has positive effect on the financial performances of Deposit money banks in Nigeria.
Dissertation
Technology innovation management in the Nigerian banking industry : integrating stakeholders' perspectives : an exploration of strategy and policy implications
TL;DR: In this article, the authors carried out two interrelated studies in a bid to explore the levels of e-banking adoption by individual bank customers in Nigeria and found that the security of the platforms, the development of ebanking enlightenment campaign and infrastructural inadequacies should be addressed.
Journal ArticleDOI
Analysis of Infrastructural Challenges, Cybercrime, and the Cashless Policy in Nigeria
TL;DR: In this paper , the authors made an analysis of infrastructural challenges and the cashless policy in Kaduna state, Nigeria, and found that network failure, infrastructure deficiency, debiting by Automated Teller Machine (ATM) without disbursing cash to beneficiaries, problems not rectified quickly by the banks, and charging by banks for using electronic banking methods.
Journal ArticleDOI
A Critical Evaluation of Central Bank of Nigeria (CBN) Cash-less Policy, Currency Redesign, Financial Performance and Macroeconomy: The Socio- Economic Ramifications perspectives
TL;DR: In this article , the advantages and disadvantages of the cashless policy with the Naira redesign strategy on financial performance and the Nigerian macroeconomy were analysed in this research study employed a systematic literature review (SLR) to examine this.
References
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Book
Interest and prices : foundations of a theory of monetary policy
TL;DR: Woodford as discussed by the authors proposes a rule-based approach to monetary policy suitable for a world of instant communications and ever more efficient financial markets, arguing that effective monetary policy requires that central banks construct a conscious and articulate account of what they are doing.
Book
Interest and Prices: Foundations of a Theory of Monetary Policy
TL;DR: Woodford as mentioned in this paper proposes a rule-based approach to monetary policy suitable for a world of instant communications and ever more efficient financial markets, arguing that effective monetary policy requires that central banks construct a conscious and articulate account of what they are doing.
Book
Survey Methods in Social Investigation
C. A. Moser,Graham Kalton +1 more
TL;DR: The authors provide a comprehensive account of the methods used in social surveys, from the original planning to the drafting of the final report, with particular attention being given to sampling, a subject which often troubles students and research workers.
Journal ArticleDOI
Cash, Paper, and Electronic Payments: A Cross-Country Analysis
TL;DR: In this article, the authors examined the use of cash and five non-cash payment instruments in 14 developed countries over 1987-1993 and determined why some payment instruments are used more intensively than others, especially electronic versus paper-based payments.