The Benefit of E-naira to Unbanked Nigerians
The Benefit of E-naira to Unbanked Nigerians
CHAPTER ONE
INTRODUCTION
1.1 Background of the study
Many millions, if not billion of people will be able to use a range of convenient, accessible, and dependable financial instruments for the first time in the not-too-distant future, regardless of their proximity to traditional financial institutions. According to Global Findex database (2017), nearly 1.7 billion individuals remain unbanked without an account at a financial institution or through a mobile money provider. In 2014, that number was 2 billion. This is because account ownership is essentially ubiquitous in high-income nations, whereas virtually all unbanked adults live in emerging economies. Record from this data set indicated that over 980 million people do not have a bank account, accounting for 56 percent of all...
