Impact of Cashless Policy on Organizational Performance in National Control Center Osogbo, Osun State, Nigeria

Akintayo D. Idowu, Shadare O. Adetunji, Ayantunji I. Oyelekan and Olaniyan T. Solomon

ABSTRACT


Abstract

This study investigated the Impact of cashless policy on organizational performance: A case study of National Control Center, Osogbo. This study adopted the survey research design. A total of 100 respondents were selected for the study using simple random sampling technique. Questionnaire was used to collect primary data. Data collected were analyzed using descriptive statistics. Hypotheses were tested through Pearson Product Moment Correlation analysis. The findings revealed that There is a significant relationship between cashless policy and Organizational Performance in National control Centre Osogbo, It is agreed that the cashless system will be helpful in the fight against corruption and money laundering, It was recommended that there is the need to intensify the public enlightenment programme about the cashless system so that everybody will be well acquainted with the system since it will affect everybody. Since there is a high rate of illiteracy, and all people must be brought into the system, the government should design special enlightenment programmes for the non-literates, using probably signs and symbols to educate this segment on how to operate the cashless system (post on sale vis-à-vis mobile phones).

Keywords: Cashless Policy, National Control Center, Organization Performance, Electronic Money, Electronic Banking.