ECONOMICS

ISSUES AND RISKS ASSOCIATED WITH THE NIGERIAN DIGITAL CURRENCY (E-NAIRA)

ISSUES AND RISKS ASSOCIATED WITH THE NIGERIAN DIGITAL CURRENCY (E-NAIRA)

 

ABSTRACT

This study intends to examine the issues and risks associated with the Nigerian digital currency (e-Naira). This study was guided by the following objectives; to examine the issues faced with the Nigerian digital currency (e-Naira), to evaluate the cyber risk involved in using e-Naira. The study employed the descriptive and explanatory design; questionnaires in addition to library research were applied in order to collect data. Primary and secondary data sources were used and data was analyzed using the chi square statistical tool at 5% level of significance which was presented in frequency tables and percentage. The respondents under the study were 100 residents of Abuja, FCT, Nigeria. The study findings revealed that e-Naira has a lot of issues and risk as data is a major factor that could help in gathering transaction records.

 

 

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