Electronic Money and Economic Growth: What Implications for e-Naira Policy Adoption in Nigeria?

Authors

Jonathan Oniore, Foundation of Economic Research & Training Ikeja, Lagos State, Nigeria.
Obukohwo Oba Efayena, University of Nigeria, Nsukka, Enugu StateFollow

Keywords

e-naira, growth, policy, monetary, cashless

Abstract

This study examines the potential economic implications of the e-Naira policy in Nigeria. Employing the autoregressive distributed lagged model in evaluating quarterly data from 2009 to 2020, the study found that there is a long-run relationship between electronic transactions and economic growth. This implies that in the long-run, adopting the e-Naira policy will significantly impact economic growth. The study suggests that there is urgent need to adopt both technological and monetary apparatus fo ensure the e-Naira policy efficacy in Nigeria.

Author Bio

Foundation of Economic Research & Training Ikeja, Lagos State, Nigeria. and University of Nigeria, Nsukka, Enugu State

Publication Title

Bullion

Issue

No. 2

Volume

Volume 47

First Page

Page 12

Last Page

Page 19

Recommended Citation

Oniore, Jonathan and Efayena, Obukohwo Oba (2023) "Electronic Money and Economic Growth: What Implications for e-Naira Policy Adoption in Nigeria?," Bullion: Vol. 47: No. 2, Article 2.
Available at: https://dc.cbn.gov.ng/bullion/vol47/iss2/2