Priye Werigbelegha Andabai (PhD), Percy Avery Bina (PhD)


The study investigates the impact of e-banking on economic growth in Nigeria for the period 2000-2018. Secondary data are used and collected from Central Bank of Nigeria Statistical Bulletin. The study used Gross Domestic Product as proxy for economic growth and employ as the dependent variable; while, electronic mobile payment (EMP) and automated teller machine (ATM) to measure e-banking. Hypotheses are formulated and tested using Ordinary Least Square (OLS). The study shows a significant impact of automated teller machine transaction on Gross Domestic Product in Nigeria. Electronic mobile payment has a significant impact on Gross Domestic Product in Nigeria. The coefficient of determination indicates that about 47% of the variations in economic growth can be explained by changes in e-banking variables ((ATM, EMP) in Nigeria. The study concludes that e-banking has a significant impact on economic growth in Nigeria. The study recommends that the banking industry should adjust to full and effective deployment of information technology due to its sophistication since the technology with relative perceived advantage. That bank should be able to provide security by physically and electronically to check the incidence of hacking by Fraudsters. That banks management should from time to time train customers with regard to electronic banking its benefits, its risk exposure, physical and electronic security to avoid financial loss in the hands of hackers. It is also recommended that the monetary authorities and commercial banks enlighten their customers on the convenience and importance of adopting mobile banking channel in completing their transactions.

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ISSN PRINT: 2705-2494

ISSN ONLINE: 2705-2486



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