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- W3094732406 abstract "Background: A good and efficient system of transaction is very vital to effectiveand efficient economic advancement. The project called 'Firstmonie' by FirstBank of Nigeria is a mobile financial service that permits a customer to make easytransactions such as, payment of bills, make a purchase and top up airtimethrough the mobile phone. The major objective of this thesis is to assess thesuccess of the project, using the first batch data out of the ten batches of thedisbursement.Method: This study obtained data from the execution of the MOU between FirstBank of Nigeria and the UNICEF in collaboration for the distribution of paymentsto rural volunteers in the Northern part of Nigeria on polio and othercommunicable diseases eradication project. The mobile payment was carried outthrough the four major Telcos in Nigeria, they are MTN, Globacom, Airtel, and9Mobile. Data from the project centers analyzed using SPSS and Microsoft Excelversion 2016.Result: Exactly 22,885,000.00 was disbursed to 2,185 beneficiaries in the 7states. Kano state recorded the highest number of beneficiaries of 28.0%.Kaduna and Jigawa state beneficiaries collected over 300,000.00. Of the 2,298people that enrolled for the first batch, 2,185 (95.1%) were successfully paid.Also, of the 23,955, 000.00 allocated for 2,298 people enrolled, 22,885,000.00was disbursed to 2,185 while 1,130,000.00 was returned to sponsor.Conclusion: Mobile money recorded a huge success in the Northern part ofNigeria, even in remote areas, this is an assurance that the project will succeed inother parts of Nigeria. Since language was not a barrier to the success of theproject in the Northern states, where there is very high illiteracy in Nigeria, theproject can therefore succeed in the entire nation and other developingcountries, if the same method of using indigenes, who understand the locallanguages employed by in firstmonie project can be adapted." @default.
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- W3094732406 date "2020-07-02" @default.
- W3094732406 modified "2023-09-27" @default.
- W3094732406 title "Mobile Money Technology Project in Rural Communities, A Case Study of Northern Nigeria" @default.
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