The effect of naira redesign on the academic achievement among Students

Introduction

Naira is the official currency of Nigeria, and it has undergone several redesigns over the years. The most recent redesign took place in 2019, which involved the introduction of new banknotes with enhanced security features and the removal of some old banknotes from circulation.

Academic achievement, on the other hand, is generally measured by a student’s grades or academic performance in a particular academic setting, such as a university.

The redesign of the Naira currency have a direct impact on the academic achievement of Nnamdi Azikiwe University students. However, changes in the currency affect the broader economic and financial environment in which the students live, work, and study.

For example, if the redesign of the Naira leads to increased stability and confidence in the currency, it could have positive effects on the economy and financial markets, which could in turn create more opportunities for students and improve their prospects for academic and professional success.

Conversely, if the redesign of the Naira leads to economic instability or uncertainty, it could have negative effects on the financial well-being of students and their families, which could create obstacles to academic achievement.

In summary, while it is unlikely that the redesign of the Naira currency would have a direct impact on the academic achievement of Nnamdi Azikiwe University students, it could indirectly affect their financial and economic environment, which could have consequences for their academic success.

Objectives

  1. To investigate the awareness and perception of Nnamdi Azikiwe University students towards the recent redesign of the Naira currency.
  2. To examine the impact of the Naira redesign on the spending behavior of Nnamdi Azikiwe University students.
  3. To determine if the Naira redesign has affected the academic performance of Nnamdi Azikiwe University students.
  4. To provide recommendations for the government and other stakeholders on how to improve the implementation of currency redesigns in Nigeria.

Research Questions

  1. Are Nnamdi Azikiwe University students aware of the recent redesign of the Naira currency?
  2. What is the perception of Nnamdi Azikiwe University students towards the recent redesign of the Naira currency?
  3. Has the Naira redesign affected the spending behavior of Nnamdi Azikiwe University students?
  4. Is there a relationship between the Naira redesign and the academic performance of Nnamdi Azikiwe University students?
  5. What measures can the government and other stakeholders implement to improve the implementation of currency redesigns in Nigeria?

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