Socio-economic Determinants of the Adoption of Electronic Banking in Abia State of Nigeria

This study was conducted to examine the socio-economic determinants of e-banking in Abia State of Nigeria. The specific objectives were to (a) examine the level of awareness of the various products of e-banking (b) examine the socio-economic determinants of users (c) identify the challenges associated with the adoption of e-banking.Data for the study were collected from 90 bank customers drawn from Aba metropolis of Abia State. The data were analyzed using mean, frequency table, percentage and discriminate model. The result of the discriminate analysis indicates that the two most important socio-economic variables that explain group difference were ability to use e-banking and level of education with discriminate score of 1.398 and 1.086 respectively. It is therefore recommended that Central Bank of Nigeria (CBN) should carryout adequate public enlightenment to educate the people on how to use the various e-banking products and services.