Uhunmwangho, Philomina Oghogho

Abu Omoghosa James

Abstract

This research was carried out to examine the relationship between cashless economy and Nigerian Economic Growth. Cashless economy refers to an economic situation where transaction is carried out without the moving of physical cash from one person to another but rather through the use of credit card or debit card, this means that you can buy goods and pay for services without exchange of physical cash. The objective of the study is to examine the relationship between cashless economy and the Nigerian economic growth, investigate the relationship between exchange rate and Nigeria economic growth. The study employed ex-post facto research design, secondary data were used and data was analyzed using the least square estimation. It was observed that cashless economy has enhance business, cashless economy has led to financial openness, the study findings show that Cashless economy, significantly influences the Nigerian economic growth, cashless economy has also ensured financial deepening. Based on the findings from the study, we conclude by saying that cashless economy opens up the economy for transactions, increases economic activities, it is recommended that the government and the various stakeholders should make conscious effort in sustaining the Cashless economy.

   

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Published: 2025

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