MOBILE APP TRANSACTIONS AND ECONOMIC SUSTAINABILITY: EVIDENCE FROM NIGERIA

Abstract

This study investigated the effect of mobile app transactions (MAT) on economic sustainability in Nigeria. This study employed an ex-post facto research design. The population includes the entirety of the Nigerian economy represented by the Central Bank of Nigeria (CBN), with a purposive sampling technique used to select a sample size of 12 years (2012-2023) annual observations. Data were collected through Secondary source. The collected Data were further analysed using descriptive statistics, Pairwise Granger Causality Tests, Variance Inflation Factors and Multiple Regression. Our study revealed that mobile app transactions significantly affect the Human Development Index in Nigeria. Hence, the study concluded that mobile app transactions (MAT) significantly affect economic sustainability in Nigeria. The study further suggested that the Nigerian government and private sector should continue to foster the widespread adoption of mobile payment systems, especially mobile app transactions, as they have been shown to positively affect human development outcomes. Also, given the positive effect of mobile app transactions on HDI, financial inclusion initiatives that emphasize mobile banking and mobile payment platforms should be expanded.

Keywords: Mobile App Transactions, Human Development Index.