ABSTRACT
The non-cash transaction (Cashless) policy of the Central Bank of Nigeria (CBN) was designed to provide mobile payment services, break down the traditional barriers hindering financial inclusion of millions of Nigerians and bring low-cost, secure and convenient financial services to urban, semi-urban and rural areas across the country. It has, however, become an albatross to some elites, the poor, uneducated and traders. The non-cash transaction policy of the Central Bank of Nigeria and the business prospects it offers for the electronic payment industry have drawn the attention of foreign investors to electronic payment firms in the country. Meanwhile, the Central Bank of Nigeria (CBN) and the Nigeria Inter-Bank Settlement System (NIBSS) have commenced plans to set up a structure to settle complaints arising from transactions through electronic payment channels, especially Point of Sale Terminals (PoS). Vanguard investigation revealed that banks have commenced massive deployment of PoS, while merchants now demand for PoS terminals in their shops.
TABLE OF CONTENTS
APPROVAL PAGE
DEDICATION
ACKNOWLEDGEMENT
CHAPTER ONE
1.1 BACKGROUND OF THE STUDY
1.2 STATEMENT OF PROBLEMS
1.3 OBJECTIVES OF THE STUDY
1.4 RESEARCH QUESTION
1.5 SIGNIFICANCE OF THE STUDY
1.6 SCOPE OF STUDY
1.7 LIMITATION OF STUDY
CHAPTER TWO
LITERATURE REVIEW
2.1 INTRODUCTION
ECONOMY OF NIGERIA
2.2 ECONOMIC REFORMS AND NON-CASH TRANSACTION POLICY
THE IMPLICATION OF THESE REFORMS ON NON-CASH TRANSACTION POLICY
2.3 EVOLUTION OF THE NON-CASH POLICY FRAMEWORK IN NIGERIA
2.4 INDIRECT CASHLESS CONTROL, 1993 TO DATE.
OBJECTIVES AND OPERATIONAL FRAMEWORK
INSTRUMENTS OF NON-CASH POLICY UNDER THE REGIME
2.5 PERFORMANCE ASSESSMENT OF THE CURRENT NON-CASH POLICY FRAMEWORK:
2.6 CONSTRAINTS ON CASHLESS POLICY MANAGEMENT IN NIGERIA: THE TRANSMISSION MECHANISM
2.7 THE EFFECT OF DEREGULATION TO NIGERIA ECONOMY.
2.8 MPC MANDATE
CHAPTER THREE
3.0 RESEARCH DESIGN AND METHODOLOGY
3.1 AREA OF STUDY
3.2 SAMPLE AND SAMPLING TECHNIQUES
3.3 INSTRUMENTS OF DATA COLLECTION
3.4 METHOD OF DATA COLLECTION
3.5 METHOD OF DATA ANALYSIS
3.6 THE CONDUCT OF CASHLESS POLICY
INTRODUCTION OF THE CASHLESS POLICY RATE (MPR)
CHAPTER FOUR
DATA PRESENTATION, INTERPRETATION AND ANALYSIS
4.1 DATA PRESENTATION
4.2 DATA ANALYSIS
CHAPTER FIVE
SUMMARY, RECOMMENDATION AND CONCLUSION
5.1 SUMMARY OF FINDING
5.2 RECOMMENDATION
5.3 CONCLUSION
APPENDIX
QUESTIONNAIRE
REFERENCES
