Keyword : Central Bank of Nigeria, Naira redesign policy, Sentiment analysis, social media, public perception
Author(s) : Wilfred Oritsesan Olley, PhD & John Agbavbiose Orhewere
Abstract :
This study aimed to analyze the sentiment of Nigerian social media users towards the Central Bank of Nigeria's (CBN) Naira redesign policy using a sentiment analysis of social media users' reactions on Facebook and Twitter. The study also identified key themes and concerns raised by social media users regarding the Naira redesign policy, including negative concerns such as the policy being a misplaced priority, wasting resources, and distracting from more pressing economic issues. The study found that the sentiment analysis of social media posts on the policy was slightly negative, with 17 negative posts, 16 positive posts, and 14 neutral posts out of a total of 50 posts mined. The study concluded that the sentiment analysis shows a mix of positive, negative, and neutral sentiments regarding the Naira redesign policy, indicating a diverse range of opinions and perceptions among social media users. The findings of this study provide insights into the public perception of the Naira redesign policy and can inform policymakers on the necessary adjustments to improve the policy's effectiveness and public acceptance.
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