THE IMPACT OF CASHLESS POLICY ON ECONOMIC DEVELOPMENT (A CASE STUDY OF NASARAWA-EGGON LOCAL GOVERNMENT AREA, NASARAWA STATE)

ABSTRACT This research project is on: the impact of cashless policy on economic development (a case study of Nasarawa-eggon Local Government Area, Nasarawa state). The main aim of the study is to assess the role of cashless policy on economic development in Nigeria. Other specific objectives include: to examine the effect of cashless policy on economic development in Nigeria with focus on Nasarawa-eggon Local government area, Nasarawa state; to examine the various challenges associated with the proper implementation of cashless policy in Nigeria; to determine the relationship that exist between cashless policy and economic development. The study adopted the Technology Acceptance Model theory. The methodology used for this research project was a survey research design and data were sourced from both primary and secondary source. A sample size of 399 was derived from a population of 229100. Data was collected through questionnaires and data collected were analyzed by use of simple percentage using tables, and the formulated hypothesis were tested using Chi-Square (X2). A total of 399 questionnaires were administered to Nasaraw-eggon Local Government area, however only 390 were filled completely and returned. The study find out that: the introduction of cashless policy positively impacted economic activities in Nasarawa-eggon local government area. The study further reviewed that some of the challenges facing cashless policy is lack of technology and lack of clarity and understanding from the citizens. Following the research findings the study recommends that; regular monitoring and evaluation of the policy implementation should be conducted to assess their effectiveness.