A Descriptive Analysis of Central Bank Cashless Policy of Point of Sale (POS) and Financial Inclusion in Sokoto State, Nigeria

Abstract

This study descriptively explores the contribution of Central Bank cashless policy of point -of sale (POS) to the growth of financial inclusion in Sokoto State using a survey dataset for a sample of three hundred and eighty-four (384) respondents. In the analysis, the study used descriptive technique in form of mean and standard deviation. The study found that point-of-sale has contributed positively to the growth of financial inclusion in Sokoto State. Based on the outcome, this study suggests that Central bank and deposit money banks should encourage the establishment of many point-of-sale locations in both urban and rural areas of the state with view to achieve and accelerate the target financial inclusion.