Perception of University Lecturers on the Availability and Accessibility of New Naira Notes in Nigeria

Atah Cletus Akpo; Margaret Chukwurah; Ushie Godwin Beshibeshebe; Rosemary Young Godwin; I. M. Idike; Ititim Donatus Ugbadu; Ochui Moses Orim

doi:10.36941/jicd-2023-0017

Authors

Atah Cletus Akpo Department of Vocation Education, University of Calabar, Nigeria
Margaret Chukwurah Department of Curriculum and Teaching, University of Calabar, Nigeria
Ushie Godwin Beshibeshebe Department of continuing Education and Development Studies, University of Calabar, Nigeria
Rosemary Young Godwin Department of Office Technology & Management Akwa Ibom State Polytechnic Ikot Osurua, Ikot Ekpene, Nigeria
I. M. Idike Department of Business Education Ebonyi State, University Abakaliki, Nigeria
Ititim Donatus Ugbadu Department of Vocational and Technical Education, Cross River, University of Technology, Nigeria
Ochui Moses Orim Department of Business Education, Federal College of Education, Obudu, Nigeria

DOI:

https://doi.org/10.36941/jicd-2023-0017

Keywords:

Perception, University lecturers, Availability, accessibility and new naira notes

Abstract

The study assessed the perceptions of university lecturers on the availability and accessibility of new naira notes in Nigeria. Two research questions and two research hypotheses were developed to guide the study in order to achieve the study's objectives. For the study, a survey research design was used. The study's population consists of 280 university lecturers from the three universities across the eighteen local governments in Cross River State who responded accidentally to the instrument. An 18-item questionnaire titled "Perception of University Lecturers on the Availability and Accessibility of New Naira Notes in Nigeria" (PULAANNNIN) was used for data collection. The instrument was validated by two experts, and the overall reliability index for the instrument was 0.92, which was obtained by using Cronbach's alpha reliability coefficients. The collected data were analyzed using the mean, standard deviation, percentage, and independent t-test. The findings of the study show that new naira notes were not available across bank counters, bank ATMs, and POS cash points. The findings also showed that there was no accessibility of new naira notes across bank counters, bank ATMs, and POS cash points in Cross River State, Nigeria. It was concluded that CBN should make the new naira notes available in commercial banks, bank ATMs, and POS cash points for easy accessibility by bank customers. Among others, it was recommended that the Central Bank of Nigeria increase its weekly withdrawal limit to the commercial banks to ensure the availability and accessibility of new naira notes in circulation.

Received: 15 March 2023 / Accepted: 28 June 2023 / Published: 5 July 2023