CASHLESS POLICY

The purpose of this study was to investigate the effect of cashless policies on economic growth in Nigeria. The research aimed to examine the impact of cashless policies on economic growth in Nigeria, identify the challenges of implementing a cashless society, and suggest ways to improve monetary policies to promote economic growth and development in Nigeria. The study employed a descriptive and explanatory design, utilizing both primary and secondary data sources, and data was analyzed using the Pearson Product Moment Correlation technique. The results of the study indicate that the cashless policy implemented by the Central Bank of Nigeria (CBN) and monetary policies as a means of economic management have the potential to promote sustainable economic growth and development through banking, but face challenges such as limited internet access. The study also used economic indicators such as Gross Domestic Product (GDP) to examine the positive or negative impact of the cashless policy on Nigeria's economy, including changes in growth trends and inflation. The challenges and perspectives identified in the study could assist stakeholders in developing strategies to overcome these challenges and improve the Nigerian economy