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Inflation and Economic Activities in Nigeria

Inflation and Economic Activities in Nigeria

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DEDICATION

This research material, titled “Inflation and Economic Activities in Nigeria” is dedicated to God for His boundless grace and guidance. It is also a tribute to all computer enthusiasts whose contributions made my research journey smoother and enriched my documentation process, making the experience truly fulfilling.



ACKNOWLEDGEMENT

I am profoundly grateful to everyone who contributed to the successful completion of this project. I am especially grateful to my Supervisor (Name), the Head of Department (Name), and the Lecturers in the Department of Banking and Finance (BF) for their invaluable guidance and support. I also acknowledge the contributions of authors and scholars whose works on Inflation and Economic Activities in Nigeria provided essential insights. Special thanks go to my study area (and any funding organizations, if applicable) for their financial assistance. I am equally thankful to stakeholders, including mentors, teachers, and colleagues, for their encouragement and support. Finally, I deeply appreciate my family and friends for their patience and unwavering support throughout this journey. Your contributions have been instrumental in making this research a reality.



TABLE OF CONTENTS

PRELIMINARY PAGES

CHAPTER ONE

INTRODUCTION

    CHAPTER TWO

    LITERATURE REVIEW

    • 2.1 Introduction
    • 2.2 Conceptual Review
    • 2.3 Theoretical Framework
    • ⋮
    • 2.4 Empirical Studies
    • 2.5 Research Gaps
    • 2.6 Summary of Literature Review

    CHAPTER THREE

    RESEARCH METHODOLOGY

    • 3.1 Introduction
    • 3.2 Research Design
    • 3.3 Population of Study
    • 3.4 Sampling and Sampling Technique
    • 3.5 Validation of Research Instrument
    • 3.6 Method of Data Collection
    • 3.7 Method of Data Analysis
    • 3.8 Questionnaire Administration
    • 3.9 Ethical Consideration
    • 3.10 Statistical Analysis

    CHAPTER FOUR

    DATA ANALYSIS, RESULT AND DISCUSSION

    • 4.1 Introduction
    • 4.2 Presentation and Analysis of Data
    • 4.3 Re-statement of Research Questions
    • 4.4 Test of Hypotheses
    • 4.5 Discussion of Findings

    CHAPTER FIVE

    SUMMARY, CONCLUSION AND RECOMMENDATION

    • 5.1 Introduction
    • 5.2 Summary of Findings
    • 5.3 Conclusion
    • 5.4 Recommendation
    • 5.5 Suggestion for Further Study

    REFERENCES

    APPENDIX A - “QUESTIONNAIRE”


    ABSTRACT

    This research work is handy in the study of current Inflation and Economic Activities in Nigeria. The inflationary hypothesis aims at finding out if there is any adequate control of inflation in relation to economic activities in Nigeria.

    In this project we discuss the scopes definition of term and limitation. We also discuss the definition of inflation and the effect of inflation.

    The review base in theories and how monetarists maintain that inflation cause by an increase in money supply it also said that monetarist theory is predicated on the assumption that there is full employment of resources and in the classical equation of exchange (Mv-Pt) there is constant velocity of circulation of money (v) their conclusion is that the arte of inflation can be reduces by controlling of money supply in an economy.

    In recommendation the stability in the general prices level. For instance prices giving should be avoided as much as possible. It also recommend that government should moderate the rate of inflation & should be reverse of those used to encourage full employment.


    Inflation and Economic Activities in Nigeria

    CHAPTER ONE

    Introduction

    1.1 Background Of The Study

    Inflation can be defined as the persistent or continuous increase in the general price level Mr. Thoney Croft former chancellor of the exchequer (minister of finance) focuses defined inflation “too much money chasing few goods” for about three decades now, inflation is a hydro-head problem that is so difficult to eliminate in Nigeria. Infact it has been a topic of major debate among economist in Nigeria and elsewhere.

    Inflation is now a universal phenomenon on both in the developed and less developed countries. There is a rapid and persistent rise in the cost of living and inflationary pressure now pose the greatest danger to economic growth and development. In Nigeria the economic sector has been worst affected by the scourge of inflation.

    On the other hand, some argued and empirically demonstrated that inflation stimulates investment and growth (Keynessa and Osakwe) 1936:1982) they see inflation as a natural consequence of economic development and that much price increase are necessary for economic growth especially in developing countries.

    Therefore, since the real relationship between real output and inflation is controversial the primary aim of this paper is to examine the relationship statistically using recent data in Nigeria.

    Bearing in mind the effect of inflation and its implication in our economy, it became necessary to study the exact relationship between inflation and economic activities in Nigeria.

    1.2 Statement Of The Problem

    As stated in the previous section, this relationship between inflation and real output is controversial. The effects of inflation in the economy is infact unknown while some economist believe that inflation reduces the level of real output in Nigeria distorts expectation and so on. Other economists argue that inflation stimulate investment and growth. It is based on this controversy that the study seek to highlight statistically the relationship between inflationary experience and economic growth in Nigeria.

    …

    CHAPTER TWO

    2.0 Literature Review

    2.1 Introduction

    This chapter focuses on the review of related literature. A literature review includes the current knowledge as well as theoretical and methodological contributions to a particular topic. It documents the state of the art with respect to the topic you are writing. It surveys the literature in the topic selected. In this research work the literature review includes the conceputal review, theoretical framework, the review of related literature …

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    In preparation for defending a project or seminar on Inflation and Economic Activities in Nigeria, it is imperative that as a nursing student, you demonstrate comprehensive knowledge of your research. The defense process is structured to include presenting your work, answering questions, and illustrating its pertinence. Initially, provide a succinct yet thorough introduction to your research topic, emphasizing its importance and the objectives, ensuring that both the audience and the External Examiner can understand the scope of your study.

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