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The Bane of Legal Tender Redesign Policy on Economic Growth in Nigeria

Author

Listed:
  • Foluso Olugbenga Aribaba

    (Federal University Oye Ekiti)

  • Abdul-Lateef Olamide Ahmodu

    (Wesley University)

  • Kolawole Egbewole

    (Federal University Oye Ekiti)

  • Joel Oluwafunmilayo Ajayi

    (Cardiff Metropolitan University)

  • Olajumoke R. Ogunniyi

    (Koladaisi University)

  • Babalola Raphael Adesunloro

    (Federal University Oye Ekiti)

  • Mobolaji Olunkule Akinola

    (Bowen University)

Abstract

Objective: The study examines the bane of legal tender redesign policies on economic growth in Nigeria. Approach: It employed a causal-comparative research design for the study. The data were collected for ten (10) years, spanning from 2013 to 2022, with quarterly observations specifically chosen to capture the recent challenges posed to the Nigerian economy during the period of redesigning the legal tender.

Suggested Citation

  • Foluso Olugbenga Aribaba & Abdul-Lateef Olamide Ahmodu & Kolawole Egbewole & Joel Oluwafunmilayo Ajayi & Olajumoke R. Ogunniyi & Babalola Raphael Adesunloro & Mobolaji Olunkule Akinola, 2024. "The Bane of Legal Tender Redesign Policy on Economic Growth in Nigeria," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 20(1), pages 107-117, February.
    • Handle: RePEc:dug:actaec:y:2024:i:1:p:107-117
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