× Close

📚 Project Proposal Topics PDF Department List & Materials for Google Scholars
Banking and Finance Topics
Civil Engineering Topics
Computer Education Topics
Computer Engineering Topics
Computer Science Topics
📚 List of Project Proposal Topics and PDF Materials for (2025) Students

Search for Project and Seminar Topics Post Market Item or Services for Free
The Effectiveness of Monetary Policy as a Tools for Controlling Inflation in Nigeria 19802004

The Effectiveness of Monetary Policy as a Tools for Controlling Inflation in Nigeria (1980-2004)

Project / Seminar Material
Reference ID: PS-7104-TM

DEDICATION

This research material titled “The Effectiveness of Monetary Policy as a Tools for Controlling Inflation in Nigeria (1980-2004)” is dedicated to God for his enabling grace, and to all computer enthusiasts who contributed to make life a pleasant experience during my research documentation.

ACKNOWLEDGEMENT

I extend my sincere gratitude to all those who contributed to the completion of this project. Special thanks to my Supervisor (Name of your Supervisor), the Head of Department (Name of your HOD), the Lecturers in the department of Economics, Book Authors and Profound Scholars of existing or related project material on “The Effectiveness of Monetary Policy as a Tools for Controlling Inflation in Nigeria (1980-2004)” for their invaluable guidance, support, and expertise throughout the journey.

I am also grateful to your study area (mention any funding organizations, if applicable) for their financial assistance. This research would not have been possible without the encouragement and assistance of some stakeholders (mention any mentors, teachers, or colleagues). Additionally, I would like to acknowledge the understanding and patience of my family and friends during this endeavor. Your unwavering support has been a constant source of motivation. Thank you all for being part of this meaningful endeavor.

ABSTRACT

This study is designed to empirically analyze the effectiveness of monetary policy as a tool for controlling inflation in Nigeria.

To investigate on this, hypothesis were formulated as follows:

  • Ho: Monetary policy measures adopted over the years have no significant impact in inflation control in Nigeria.
  • Hi: Monetary policy measures adopted over the years have significant impact on inflation control in Nigeria.

The researcher adopted the method of linear regression, the ordinary least square (OLS) technique in analyzing the secondary data of inflation rate and money supply (1980-2004). The researcher were further subjected to t-ratio and f-tests, the result of which confirmed.

  1. Monetary policy measures adopted by the monetary authorities between 1980 and 2004 were not effective and had no significant impact in controlling inflation.
  2. Quick monetary remedies for inflation control do not exist.

Based on the above findings, the following are the policy recommended:

  1. The elimination of inflation requires the eradication of inflationary expectation.
  2. Government should concentrate more on productive investment, which will reduce inflationary pressure in Nigeria.
  3. The monetary authorities should maintain vigilance in its efforts to keep inflation in check by adhering to effective monetary and fiscal policies.
  4. Government should monitor the implementation of monetary policies to ensure its success.
  5. It is believed that if the monetary authorities follows the above recommendation, effective will be achieved.

The Effectiveness of Monetary Policy as a Tools for Controlling Inflation in Nigeria (1980-2004)

CHAPTER ONE

1.0 Introduction

1.1 Background Of The Study

Nigeria still presents a clear reflection of the third world economy in which the growing economy has some working machinery, monetary and fiscal policies that aimed towards maintaining a balance in the entire economy so that growth and development, which is the ultimate goal of every economy, is realized.

Generally, monetary policy refers to combination of measures designed to regulate the values, supply and cost of money in an economy in consonance with the level of economic activity. Monetary policy is a deliberate effort by the monetary authorities to control its monetary supply and credit conditions for the purpose of achieving certain broad economic goals. The aims of monetary policy are basically to control the inflation, maintain a healthy balance of payment positions for the country in order to safeguard the external value of the national currency.

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 …

Summary Headlines for The Effectiveness of Monetary Policy as a Tools for Controlling Inflation in Nigeria (1980-2004)



    NEED HELP? CALL US 24/7:
    +234 803 051 1988