Enhancing initial adoption of digital records and best practices among small firms: Evidence from Nigeria
This policy brief summarises the findings of a pilot study exploring how the introduction of digital record-keeping methods, combined with personalised support, can enhance the adoption of digital records and financial best practices among small firms in Nigeria.
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Oyebanjo Policy Brief January 2024.pdf
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- This policy brief summarises the findings of a pilot study exploring how the introduction of digital record-keeping methods, combined with personalised support, can enhance the adoption of digital records and financial best practices among small firms in Nigeria.
- Providing small firms with additional micro-consulting alongside digital technology for record-keeping improves the probability that they will take steps to use it for the first time by 95%, compared to providing them only with basic information on the benefits.
- The adoption of digital record-keeping methods by small firms results in a more precise recall of their profits.
- The brief highlights the policy conditions necessary to improve the initial adoption of record-keeping apps and improve financial best practices among informal and small firms.