The Impact of Central Bank Digital Currency on Digital Financial Inclusion: Evidence from Nigeria
ART 580
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العنوان
The Impact of Central Bank Digital Currency on Digital Financial Inclusion: Evidence from Nigeria
المؤلفون
Ogunrinde, O. (WFP)
اللغة(لغات)
English
الرقم الدولي المعياري المسلسل
2066-6071
ملخص
Financial inclusion continues to be a significant challenge in Nigeria since many Nigerians are excluded from the financial ecosystem. This article investigates the impact of the Central Bank Digital Currency (CBDC) on digital financial inclusion using a quantitative research design and data collected from Nigerians. This was a correlational quantitative research study using a survey questionnaire distributed to 500 members of the Nigerian public using the eNaira. The results indicate that CBDC has a positive impact on digital financial inclusion; it facilitates improved access to financial services, reduces transaction costs, increases the number of banked members of the population, and enhances the efficiency of digital payments. This study concludes that CBDC is essential to improving financial inclusion in Nigeria. Based on these findings, it is recommended that policymakers in Nigeria continue to promote and prioritize the adoption of CBDC. Therefore, future research could explore the impact of CBDC on other aspects of financial inclusion beyond those explored in this study. For example, the research could be conducted to examine how CBDC impacts access to credit or explore the potential impact of CBDC on financial stability and monetary policy.
رقم الاستدعاء
ART 580
فى
Financial Inclusion, 2023, Vol.2/2023
اللغة(لغات)
eng
System Control No.
ANA-128463
الواصفات الأولية
الواصفات الثانوية
الشروط الجغرافية