The Prospects of E-Commerce and Cashless Policy Technologies in the Nigerian Construction Industry

Samuel Tayo, I. Y. Mohammed, Musa Mohammed

Abstract


This study examines the combined prospects of e-commerce technologies and Nigeria’s cashless policy within the construction industry, focusing on stakeholders in the Federal Capital Territory (FCT), Abuja. A descriptive survey design was used to assess: (i) the level of awareness of e-commerce adoption, and (ii) the benefits of integrating e-commerce with cashless payment systems. A sample of 260 respondents (152 consultants, 108 contractors) was drawn from a population of 400 through purposive and simple random sampling. Data were collected with a validated questionnaire (Cronbach’s α = 0.78) and analysed using mean and standard deviation. Results show high awareness of e-commerce and cashless policy initiatives, with stakeholders recognizing benefits such as improved transparency, reduced corruption, faster procurement cycles, and enhanced financial traceability. However, infrastructural gaps, digital literacy challenges, and partial reliance on cash limit full adoption. The study recommends among others that there is a need to develop sector-specific digital platforms that integrate procurement, project management, and payment systems.


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References


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