Achieving Cashless Economy in Nigeria: The Cloud Computing Approach and Imperative of Nigeria's CBN for Effective Coordination
Okogun Oluwanishola Abiodun, Abang Igwe Sunday, Anthony Chukwudi, Jagboro Phalecs, Ojuloge Blessing, Akhimie Clement Omozuanvbo · 2013
This paper assesses the technological modality of using cloud computing in achieving cashless economy in Nigeria; this is with a view to establish a relationship between cashless economy and cloud computing. A desktop research approach was used to evaluate some technical details on the use of cloud computing in achieving cashless economy in Nigeria. Investigation revealed that the present banking transaction in Nigeria is poorly implemented and about 75% of business men are sceptical about doing their businesses online. The study also reveals that cloud computing will be a major job creation opportunities if fully adopted. In conclusion, appropriate policy suggestions were suggested for efficient use of cloud computing in achieving cashless economy in Nigeria.