Editorial Board
EFFECT OF MONETARY POLICY MANAGEMENT ON PERFORMANCE OF NIGERIA’S ECONOMY
Description
EFFECT OF MONETARY POLICY MANAGEMENT ON PERFORMANCE OF NIGERIA’S ECONOMY
Authors
Etebong Attah Umana, Nancy Chinwe Agha and Christian Ikechukwu Ezugwu
Abstract
This study examined the effect of Monetary Policy Management on the Performance of Nigeria Economy. An ex-post facto research design was adopted for the study. Time series data were collected from the CBN Statistical Bulletin using desk survey method from 1985- 2017. The data were analyzed using Ordinary Least Square multiple regression statistical technique. Money supply had a positive and significant relationship with the performance of Nigeria’s economy, issuance of treasury bills had an inverse and insignificant relationship with the performance of Nigeria’s economy, monetary policy rate had an inverse and insignificant relationship with the performance of Nigeria’s economy and finally exchange rate had a positive and significant relationship with the performance of Nigeria’s economy. Based on these findings, the paper therefore, recommends that the CBN monetary policy should be structured in such a way that businesses and indeed the banking sector will be impacted positively by these policies. Finally, government through the CBN, should regulate money supply in a manner that will not hamper the growth of the economy.
Keywords:
e-ISSN:
All Issues
- Volume 22, Issue 1, March 2023
- Volume 22, Issue 2, September 2023
- Volume 22, Issue 1, March 2023
- Volume 21. Issue 2, September 2022
- Volume 21. Issue 1, March 2022
- Volume 21. Issue 1, March 2022
- Volume 20. Issue 2, September2021
- Volume 20. Issue 1, March 2021
- Volume 19, Issue 2, September 2020
- Volume 19, Issue 1, March 2020
- Volume 18, Issue 3, December 2019
- Volume 18, Issue 2, September 2019
- Volume 18, Issue 1, March 2019