EVALUATION OF THE IMPACTS OF NAIRA REDESIGN ON THE ECONOMY OF KEBBI STATE, NIGERIA

Abstract: The study titled "Evaluation of the Impacts of Naira Redesign on the Economy of Kebbi State, Nigeria" is carried out to investigate the effect of the redesign of the Nigerian currency on the socio-economic development of the inhabitants of Kebbi State. The study uses questionnaires to collect data from 200 respondents in Kebbi State Metropolis targeting marketers, road transport operators and private business owners. The primary objective of the research is to assess the impact of Naira redesign on the socio-economic development in Kebbi State. The study is aimed at finding out how Naira redesign policy impacts on the socio-economic development of Kebbi State and to ascertain public perception of the Naira redesign policy and its resulting effect on the economic activities of the respondents. Far from expectation, result from the study indicate that the naira redesign policy impacts negatively on the inflation rate, dampen the confidence of both the citizens and investors. The study however revealed that implementation of the policy shows the potential of entrenching cashless economy and creating an efficient monetary policies in the country. The findings of this study is of outmost importance to policymakers, researchers, and other stakeholders interested in promoting economic and social development in Nigeria. Works Cited: Salihu Shamsudeen Kamba, Abubakar Bello " EVALUATION OF THE IMPACTS OF NAIRA REDESIGN ON THE ECONOMY OF KEBBI STATE, NIGERIA ", IARJSET International Advanced Research Journal in Science, Engineering and Technology, vol. 10, no. 11, pp. 49-58, 2023. Crossref https://doi.org/10.17148/IARJSET.2023.101108