Positive Effect

*Mean Rank

Reduced Naira counterfeiting (A)

4.75^a

Encourage a cashless economy (B)

4.71^a

Address cash hoarding that have paraded the Nigerian economy (C)

4.68^a

Bring more people into the financial sector (D)

4.64^a

Reduce the incidences of kidnapping and terrorism (E)

3.89^ab

Reduction in hardship, confusion, apprehension, rancuor and despondency (F)

3.47^ab

Vulnerable economic hardship (G)

3.25^bc

Could strengthen the Naira against the Foreign currencies (H)

3.06^b

Reduction in inflation (I)

2.87^c

Encourages financial inclusion and cashless society (J)

2.51^c

Aid in the acceleration of the monetary policy objectives (K)

2.37^c

Could tackle insecurity challenges and reduction in banditry and kidnappings (L)

2.16^c

Curtails the worsening shortage of clean and fit currency (M)

2.03^c