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ABSTRACT
The purpose of this project is based on the effect of monetary policy on economic growth in Nigeria. This work discussed the meaning of monetary policy as monetary management techniques put in place by the government through the central bank to control money stock in order to influence broad macro-economic objectives. The data used is a secondary data collected from central bank of Nigeria statistical bulletin between the periods of 1981 to 2014, and multiple regression analysis of ordinary least square (OLS) were used. The variables of the model includes: GDP Growth as the dependent variable and broad money supply, interest rate, and monetary policy rate as the independent variables. The result shows that money supply is statistically significant, which means that money supply influences growth positively in Nigeria. On the other hand, interest rate and monetary policy rate are statistically insignificant showing that interest rate and monetary policy rate are negatively influences economic growth in Nigeria. Government should increase its expenditure on productive sectors to boost economic growth alongside with monetary policy.
Background Information
Monetary policy are monetary management techniques put in place by the government through the central bank to control money stock that is supply of money in order to influence broad macro-economic objectives which include price stability, high level of employment, sustainable economic growth and balance of payment equilibrium. These broad objectives are achieved through the use of appropriate instruments, depending on which objective the policy formulated want to achieve on the level of development of the country.
Over the years, the major goals of monetary policy have often been the two later objectives namely: Inflation targeting and exchange rate policy. These objectives have dominated the Central Bank of Nigerian’s monetary policy focus based on the assumption that these are essential tools of achieving macroeconomic stability (Ajayi, 1999).
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SIMILAR EDUCATION FINAL YEAR PROJECT RESEARCH TOPICS
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1. PRINCIPAL COMPONENT ANALYSIS OF STUDENTS PERFORMANCE IN ANAMBRA STATE (A CASE STUDY OF BAPTIST SECONDARY SCHOOL ONITSHA, ANAMBRA STATE).
» CHAPTER ONE INTRODUCTION 1. 0 INTRODUCTION When the casual relationship between dependent variable and independent variable have to be explained and i...Continue Reading »Item Type & Format: Project Material - Ms Word | 44 pages | Instant Download | Chapter 1-5 | EDUCATION DEPARTMENT
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2. THE FACTORS AFFECTING WOMEN’S EFFECTIVE PARTICIPATION IN ADULT EDUCATION IN NIGERIA
» Abstract This study was designed to find out the factors affecting women’s effective participation in Adult Education in Oredo Local Government ...Continue Reading »Item Type & Format: Project Material - Ms Word | 64 pages | Instant Download | Chapter 1-5 | EDUCATION DEPARTMENT
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3. IMPACT OF NIGERIA NATIONAL THEATRE AS A VEHICLE FOR CULTURAL PROMOTIONAL AND COMMERCIAL VENTURE
» CHAPTER ONE INTRODUCTION 1.1. Background of the study A national theatre embodies the performing treasures of the nation‘s inheritance for a glo...Continue Reading »Item Type & Format: Project Material - Ms Word | 55 pages | Instant Download | Chapter 1-5 | EDUCATION DEPARTMENT
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4. FACTORS AFFECTING STUDY HABIT AND ACADEMIC PERFORMANCE OF NATIONAL OPEN UNIVERSITY STUDY CENTER
» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY Habit is a second nature; it is routine of a person what he or she does in every condition. It ca...Continue Reading »Item Type & Format: Project Material - Ms Word | 71 pages | Instant Download | Chapter 1-5 | EDUCATION DEPARTMENT
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5. EDUCATIONAL TECHNOLOGY; AN ENHANCEMENT TOOL FOR TEACHING AND LEARNING
» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY The role of educational technology in teaching and learning is rapidly becoming one of the most i...Continue Reading »Item Type & Format: Project Material - Ms Word | 78 pages | Instant Download | Chapter 1-5 | EDUCATION DEPARTMENT
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6. THE INFLUENCE OF EXTRA MURAL CLASSES ON STUDENT ACADEMIC PERFORMANCE IN SOCIAL STUDIES
» ABSTRACT This study was carried out to examine the influence of extramural classes on student academic performance in social studies using selected se...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages | Instant Download | Chapter 1-5 | EDUCATION DEPARTMENT
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7. A COMPARATIVE STUDY OF SECONDARY SCHOOL STUDENTS ACADEMIC PERFORMANCE IN FOOD AND NUTRITION IN WAEC AND NECO
» ABSTRACT This paper compares and examines the performance of secondary school students who were candidates in food and nutrition examinations of both ...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages | Instant Download | Chapter 1-5 | EDUCATION DEPARTMENT
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8. THE EFFECT OF INDUSTRIAL WORK EXPERIENCE ON STUDENT IN TERTIARY INSTITUTION
» Abstract The main aim of this project is to find out the effects of students industrial work experience scheme to the students in tertiary institution...Continue Reading »Item Type & Format: Project Material - Ms Word | 58 pages | Instant Download | Chapter 1-5 | EDUCATION DEPARTMENT
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9. THE EXTENT OF THE USE OF INSTRUCTIONAL MATERIAL IN THE EFFECTIVE TEACHING AND LEARNING OF BIOLOGY IN SECONDARY SCHOOL
» CHAPTER ONE INTRODUCTION Background of the Study Science is the bedrock on which modern day technological breakthrough is hinged. Different authors ac...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages | Instant Download | Chapter 1-5 | EDUCATION DEPARTMENT
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10. AN EVALUATIVE STUDY OF TEACHING AND LEARNING OF ENGLISH GRAMMATICAL STRUCTURES IN SOME SELECTED PRIMARY SCHOOLS IN KADUNA NORTH LOCAL GOVERNMENT AREA ...
» CHAPTER ONE 1.1 Introduction The teaching and learning of English Language is very important in our society today. This is because of the various role...Continue Reading »Item Type & Format: Project Material - Ms Word | 77 pages | Instant Download | Chapter 1-5 | EDUCATION DEPARTMENT