EFFECT OF CASHLESS POLICY ON NIGERIA’S ECONOMIC GROWTH
This study examined the impact of cashless policy on the economic growth of Nigeria for the period of 2011 - 2018. Data was collected from secondary sources through annual reports obtained from Central Bank of Nigeria Statistical Bulletins. The impact of cashless policy was proxied by Automated Tel...
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| Format: | Article |
| Language: | English |
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Kwara State University, Malete Nigeria
2023-11-01
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| Series: | Malete Journal of Accounting and Finance |
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| Online Access: | https://majaf.com.ng/index.php/majaf/article/view/14 |
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| author | Nasamu Gambo Danjuma Tsintop Ussaini Jonathan Peter Ozah |
| author_facet | Nasamu Gambo Danjuma Tsintop Ussaini Jonathan Peter Ozah |
| author_sort | Nasamu Gambo |
| collection | DOAJ |
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This study examined the impact of cashless policy on the economic growth of Nigeria for the period of 2011 - 2018. Data was collected from secondary sources through annual reports obtained from Central Bank of Nigeria Statistical Bulletins. The impact of cashless policy was proxied by Automated Teller Machine (ATM), Point of Sale (POS), and Internet Banking (WEB), while economic growth was proxied by Gross Domestic Product (GDP). Multiple regressions were applied to determine the impact of the policy on the GDP using the ATM, POS and the WEB. The study revealed that ATM has a positive effect on GDP. On the other hand, the regression results also show that POS and WEB had a negative effect on GDP. Based on the findings of the study, it is therefore recommended that awareness should be created on the benefits derivable from cashless policy to stimulate improvement of business activities, thereby enhancing economic growth.
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| format | Article |
| id | doaj-art-db0382dd5544453387cb58b9f107241b |
| institution | Kabale University |
| issn | 2735-9603 |
| language | English |
| publishDate | 2023-11-01 |
| publisher | Kwara State University, Malete Nigeria |
| record_format | Article |
| series | Malete Journal of Accounting and Finance |
| spelling | doaj-art-db0382dd5544453387cb58b9f107241b2025-02-10T23:06:34ZengKwara State University, Malete NigeriaMalete Journal of Accounting and Finance2735-96032023-11-0111EFFECT OF CASHLESS POLICY ON NIGERIA’S ECONOMIC GROWTHNasamu Gambo0Danjuma Tsintop Ussaini1Jonathan Peter Ozah2Federal University, Wukari, Taraba StateFederal University, Wukari, Taraba StateFederal University, Wukari, Taraba State This study examined the impact of cashless policy on the economic growth of Nigeria for the period of 2011 - 2018. Data was collected from secondary sources through annual reports obtained from Central Bank of Nigeria Statistical Bulletins. The impact of cashless policy was proxied by Automated Teller Machine (ATM), Point of Sale (POS), and Internet Banking (WEB), while economic growth was proxied by Gross Domestic Product (GDP). Multiple regressions were applied to determine the impact of the policy on the GDP using the ATM, POS and the WEB. The study revealed that ATM has a positive effect on GDP. On the other hand, the regression results also show that POS and WEB had a negative effect on GDP. Based on the findings of the study, it is therefore recommended that awareness should be created on the benefits derivable from cashless policy to stimulate improvement of business activities, thereby enhancing economic growth. https://majaf.com.ng/index.php/majaf/article/view/14Cashless PolicyEconomic GrowthTechnologyDigitalization |
| spellingShingle | Nasamu Gambo Danjuma Tsintop Ussaini Jonathan Peter Ozah EFFECT OF CASHLESS POLICY ON NIGERIA’S ECONOMIC GROWTH Malete Journal of Accounting and Finance Cashless Policy Economic Growth Technology Digitalization |
| title | EFFECT OF CASHLESS POLICY ON NIGERIA’S ECONOMIC GROWTH |
| title_full | EFFECT OF CASHLESS POLICY ON NIGERIA’S ECONOMIC GROWTH |
| title_fullStr | EFFECT OF CASHLESS POLICY ON NIGERIA’S ECONOMIC GROWTH |
| title_full_unstemmed | EFFECT OF CASHLESS POLICY ON NIGERIA’S ECONOMIC GROWTH |
| title_short | EFFECT OF CASHLESS POLICY ON NIGERIA’S ECONOMIC GROWTH |
| title_sort | effect of cashless policy on nigeria s economic growth |
| topic | Cashless Policy Economic Growth Technology Digitalization |
| url | https://majaf.com.ng/index.php/majaf/article/view/14 |
| work_keys_str_mv | AT nasamugambo effectofcashlesspolicyonnigeriaseconomicgrowth AT danjumatsintopussaini effectofcashlesspolicyonnigeriaseconomicgrowth AT jonathanpeterozah effectofcashlesspolicyonnigeriaseconomicgrowth |