BENEFICIARIES ASSESSMENT OF ACCESSIBILITY AND UTILIZATION OF CASHLESS INSTRUMENTS IN OYO STATE

Oluwafemi, Peter Adekunle (Ph.D)

Abstract

The paper assessed the accessibility and utilization of cashless instruments by beneficiaries in Oyo state. The research adopted survey design method and was guided by two research questions and two null hypotheses. The population comprises of all beneficiaries in Oyo state out of which four hundred (400) respondents were randomly sampled. A structured questionnaire was used to collect data for the study. The instrument was face-validated by three experts in research methodology with reliability coefficient of 0.87. Mean and standard deviation were used to answer the research questions while t-test statistics was used to test the hypotheses. Findings indicated that cashless instruments are accessible but rarely utilized in the study area. Recommendations were made such as encouragement of higher accessibility to cashless instruments, proper legislation for the safety of the instruments, government supports to business and financial institutions that are providing the instruments to mention but a few.