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THE EFFECTIVENESS OF MONETARY POLICY IN CONTROLLING INFLATION IN NIGERIA
ABSTRACT
This research work was embarked to aid you to study the effectiveness of monetary policy in controlling inflation in Nigeria. The need to the study was informed by the tend inflationary growth over the years and also the impact of the inflation in achievement of the four basic economic growth, price, stability, high level of employment and low inflationary rate for favourable balance of payment. Many research works have been carried out on this issue previously but despite all the good policies of government and its agent, these goals have remained elusive over the years. There was therefore a need for a study on these sensitive issues. For the purpose of this study, data was gathered through the secondary source, which includes money supply, gross domestic product and the inflationary rate for a period.
TABLE OF CONTENT
CHAPTER ONE
Introduction 1
Statement of problem 2
Research question 4
Definition of the term 4
Objectives of the research 6
Scope of the study 7
Limitations of study 8
CHAPTER TWO
An overview of Nigerian monetary policy 11
2.1 Administration of monetary policy 13
2.2 Objectives of monetary policy 14
2.3 Instruments of monetary policy 15
2.5 Inflation in Nigeria 18
2.6 Types of inflation 20
2.7 Causes of inflation 21
2.8 Monetary policy as control measure in Nigeria 25
CHAPTER THREE
Research design and methodology 29
3.1 Sources of secondary data 29
3.2 Method of investigation 30
3.3 Sampling procedure 30
CHAPTER FOUR
4.1 Conclusion/recommendation 31
4.2 Recommendation 31
Bibliography 33
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