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April 30, 2026˜The œJournal of developing areas

The Impact of Blockchain Technology on the Banking and Financial Systems in Nigeria

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Authors

SOSamson Ogege

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Overview

Descriptive survey assesses blockchain's effects on banking efficiency and security in Nigeria, revealing significant adoption barriers.

Key Points

  • The research investigates the perceived impact of blockchain technology on Nigeria's banking and financial systems and identifies barriers to its adoption.
  • Descriptive survey design conducted with 235 purposively selected bankers and fintech experts.
  • Data were collected through a validated structured questionnaire.
  • Data analysis included descriptive statistics, Pearson's Product-Moment Correlation, and multiple regression analysis.
  • Strong positive correlation between blockchain adoption and disruption of traditional banking models (r=0.611, p<0.01).
  • Enhancement of financial inclusion correlated with blockchain implementation (r=0.574, p<0.01).
  • Regression analysis showed that blockchain features predict 47.7% of cost reduction variance in banking operations.

Cite This Study

Samson Ogege (2026) studied this question.

synapsesocial.com/papers/69f2f19c1e5f7920c638735ehttps://doi.org/10.1353/jda.2026.a988710
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Also Consider

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