Effects of cashless banking on Nigerian economy

Effects of cashless banking on Nigerian economy

Author by Dr. Tunji Siyanbola

Journal/Publisher: Ecanadian Journal Of Accounting And Finance

Volume/Edition: 1

Language: English

Pages: 8 - 18


This study, the effect of cashless banking on Nigerian economy, discussed the various aspects of cashless banking channels, where the real e-banking should be, the problems facing cashless banking, its advantages and disadvantages to Nigerians. We adopted a descriptive research design with data gathered through questionnaire administered to respondents. Non-parametric tool of chi square was employed to analyse the data. The following hypotheses were tested and analysed:
? There exists a significant relationship between cashless banking and Nigerian economy;
? Cashless banking has a positive effect on Nigerian economy;
? Cashless banking negatively affects employment level in Nigeria;
? Cashless banking has a best means of usage.
Based on the findings, it was recommended that increased government support, uninterrupted power supply and communication link, creation of awareness, provision of skilled manpower and computer wizard in operation of payment system, collaboration among banks, provision of adequate security and fight against corruption would assist and improve the growth and development of cashless banking in Nigeria.

Other Co-Authors