CASHLESS POLICY AND ECONOMIC GROWTH EVIDENCE FROM NIGERIA
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Abstract
This study was carried out on the impact of cashless policy on the economic growth of Nigeria. The research design that was adopted in this study was the Descriptive design. The population for this study was the entire city of Abuja. The respondents were drawn from the residents and workers in Abuja. For the purpose of this research, data for this study was gathered through the use of primary data (questionnaire). The study concluded that Operating cashless society in and indeed Nigeria is a wise strategy for fast tracking growth in the nation’s financial sector because of the fact that it saves time and protect against fraud and crimes. Also, the factors that can improve the impact of the adoption of the Cashless policy in includes improvements of infrastructures, proper identification system and customer orientation and education. The study further recommended that Since the implementation of the policy is now nationwide, each states of the federation must have the facilities needed in adequate proportion in order to facilitate a wide acceptance and usage by Nigerians.
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