International Journal of Academic Management Science Research (IJAMSR)
  Year: 2023 | Volume: 7 | Issue: 2 | Page No.: 158-165
Currency Redesign and Its Compliance in the Economy: Case Study of Nigeria Economy Download PDF
Kparobo Gloria Aroghene and Aroghene Imene

Abstract:
Inspite of the advantages in the redesigning of a country currency there still exist non-compliance by members of the society which sabotage the process. It is in this light this study explored currency redesign and its compliance in the economy case study of Nigeria. Government support and individual personal readiness for technology was used as independent variables while currency redesign compliance was used as dependent variable. To properly account for this, primary data was obtained through the administration of structured five Likert scale questionnaire to 133 persons resident in Abraka in Ethiope east local government area of Delta State for two months. Percentages, frequencies, tables, means and charts was used to analysed the data while PPMCC and coefficient of determination was used to test the hypothesis. From the estimated result the null hypothesis of no influence of the independent variables on the dependent variable was rejected. The study recommended that government should slab every channel especially from those within the governance that can deter the successful implementation of the issuance/redesign of the country currency. Equally the state of the economy should be considered first of all in the introduction of a new policy.