The Impact Of The Cbn Cashless Policy On The Nigerian Populace - A Pain Or A Gain?

(A CASE STUDY OF THE BANKED AND THE UNBANKED)   CHAPTER ONE INTRODUCTION 1.1   BACKGROUND TO THE STUDY Mixed reactions have continued to trail the cashless policy introduced by the Central Bank of Nigeria (CBN) in January 2012. The implementation of the policy commenced in Lagos in 2012 but it was extended to the Federal Capital Territory (FCT), Rivers, Kano, Ogun, Anambra and Abia states in July 2013. While some die-hard cynics describe the policy as just another economic jargon that may not be feasible, others say it will boost the country’s economic growth in line with global…