Abstract

This study was carried out on the impact of e-naira on POS business within Ado Ekiti. The
survey design was adopted and the simple random sampling techniques were employed in this
study. The population size comprises of POS businesses within Ado Ekiti local government area.
In determining the sample size, the researcher purposefully selected 77 respondents and 60 were
validated. Self-constructed and validated questionnaire was used for data collection. The
collected and validated questionnaires were analyzed using frequency tables. While the
hypothesis was tested using Chi-square. The result of the findings reveals the launching of e-
Naira will widen the scope of the services rendered by POS retailers.The study also revealed that
the public adoption of e-Naira will broaden the challenges of POS business. However, since the
e-Naira is not yet massively accepted, there is no certainty on whether the public acceptance of
e-Naira will threaten the survival of POS business. With respect to the findings, the researcher
recommends that the success of digital-initiated currency in Nigeria should be driven by
an agent different from the conventional CBN banking formation. Hence other banking outlet
such as POS agents should be involved in the process so as to sustain their businesses.

APPENDIX A
 FEDERAL POLYTECHNIC ADO EKITI, EKITI STATE
FACULTY OF SCHOOL OF BUSINESS STUDIES
DEPARTMENT OF BUSINESS ADMINISTRATION AND MANAGEMENT

Dear Respondent,

I am a final year student of the Department of Business Administration and Management,

Faculty of School of Business studies, Federal Polytechnic Ado-Ekiti, Ekiti State, Nigeria. This
questionnaire is designed to elicit responses to measure and determine Impact of E-naira on pos
business within Ado Ekiti, Ekiti State.

Please, kindly respond your first impression to all items by ticking [√]. Your

answers are for research purposes and so, they shall be treated with utmost confidentiality.

Thank you for your anticipated cooperation.

Yours faithfully,

Olaoye Iyanuoluwa Olamide

APPENDIXE
QUESTIONNAIRE

PLEASE TICK [√] YOUR MOST PREFERRED CHOICE(S) ON A QUESTION.

SECTION A

PERSONAL INFORMATION

Gender

Male ()

Female ( )

Age

20-29 ( )

30-39 ( )

40-49 ( )

50+ ()

SECTION B

Question 1: What is the impact of e-Naira on popularity of POS business within Ado Ekiti local
government area, the services rendered by POS retailers in Ekiti State?

Option Please tick

Yes

No

Undecided
Question 2: What is the impact of e-Naira on profitability of POS business owners within Ekiti
State?

Option Please tick

Yes

No

Undecided

Question 3: To what extent does e-Naira challenges POS business?

Option Please tick

Yes

No

Undecided

Question 4: Will the public acceptance of e-Naira threaten the charges of POS business since
they serve only as Bank agents?

Option Please tick

Yes

No

Undecided
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