Policy Implications of Cashless Banking on Nigeria’s Economy.

Abstract

The world is going cashless in carrying out businesses. A cashless economy is an environment in which money is spent without being physically carried from one person to the other. In a bid to align with the developmental pace of other nations Central Bank of Nigeria has adopted the cashless policy.This paper considers the implications its applicability will have on the lives of ordinary Nigerians and the business environment and makes appropriate recommendations.

Keywords: Cashless Banking, Policy Implications, Nigeria, Economy.