Department of Sociology

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https://keffi.nsuk.edu.ng/handle/20.500.14448/3884

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Browsing Department of Sociology by Subject "Cashless, policy. Security, Money, Investment."

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    ASSESSMENT OF THE I IMPLEMENTATION OF FEDERAL GOVERNMENT CASHLESS POLICY FOR THE SECURITY OF MONEY AND INVESTMENT IN NIGERIA.
    (Department of Sociology, Nasarawa State University Keffi., 2021-09-16) Bilyaminu, Suleiman Muhammed; Yakubu, Shehu Ibrahim
    This study assessed (he implementation of the CBN cashless policy on security of money and investment in Nigeria. The move to use electronic cash system has its own challenges, which in Nigeria. This is as a result of inadequate physical and social infrastructure. The introduction of the cashless policy through the Central bank of Nigeria, therefore throws up questions that bother on issues such as security of public fund and investments and the general problem of safety pertaining movement of money from one area to another. Therefore, this study assessed the implementation of Federal government of Nigeria cashless policy has promotes the security of money and investment in Nigeria. Identifying the measures taken by the CBN to ensure the security of money and investment in a cashless-based economy like Nigeria. The study adopted the survey research design. Questionnaires were administered; out of the total population of 1090 of the beneficiaries of the Cashless policy in suleja local government, 109 were selected as the sample size which is approximately 10% of the entire population, data collected were analyzed using mean and frequency tables and the Ch i-Square formula was used to test the hypotheses. Findings of this study has reveals that the Federal government cashless policy has a positive effects on security of money and investment. The study concludes that for the period under study there was inadequate facilities to enable the policy to be fully implemented tike ATM machines, POS terminals, internet facilities, power, trained personnel, mobile money devices etc.It recommended that much needed to he done in terms of deliberate effort toward the deployment of biometric data capturing machines and the use of superior internet security software for ensuring that hackers and fraudsters are easily identified and intercepted.