EFFECT OF MONETARY POLICY ON ECONOMIC GROWTH IN NIGERIA (1990-2021)
| dc.contributor.author | Taofeekat Temitope Sulaimon | |
| dc.date.accessioned | 2025-01-23T09:06:39Z | |
| dc.date.available | 2025-01-23T09:06:39Z | |
| dc.date.issued | 2022-06-12 | |
| dc.description.abstract | Many countries, especially developing ones, prioritize RGDP growth. Economic growth reduces poverty and improves welfare, so its determinants must be identified. Despite studies on economic growth's determinants, Nigeria's economy remains stagnant. This narrative inspired the present study, which examined how monetary policy affects Nigerian economic growth. Thus, this study examined Nigeria's economic growth and monetary policy. The study used 1990–2021 time series data. The Augmented Dickey-Fuller test and ARDL bond test were used to test the data's stationary nature and long-run relationships. The short-run regression conducted using the ARDL regression method showed that monetary policy is an important determinant of economic growth in Nigeria. The two indicators of monetary policy used (Monetary Policy Rate, MPR, and Money Growth Rate, M2) exert a significant impact on economic growth in Nigeria. Based on the findings, this study concludes that monetary policies significantly affect economic growth in Nigeria. It thus recommends that policymakers embark on a renewed commitment to the conduct of monetary policy in such a way as to increase economic growth in Nigeria | |
| dc.identifier.citation | Sulaimon, T. T. (2022). Effect of monetary policy on economic growth in Nigeria (1990–2021). International Journal of Advanced Research in Multidisciplinary Studies, 2(1), 167. | |
| dc.identifier.issn | 2756-4444 | |
| dc.identifier.uri | https://kwasuspace.kwasu.edu.ng/handle/123456789/2967 | |
| dc.language.iso | en | |
| dc.publisher | INTERNATIONAL JOURNAL OF ADVANCED RESEARCH IN MULTIDISCIPLINARY STUDIES | |
| dc.title | EFFECT OF MONETARY POLICY ON ECONOMIC GROWTH IN NIGERIA (1990-2021) | |
| dc.type | Article |