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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. CHALLENGES OF MEETING GLOBAL STANDARD IN EDUCATION, EDUCATIONAL IMPLICATIONS FOR NIGERIAN UNIVERSITIES
» CHAPTER ONE INTRODUCTION 1.1 Background of the study Education has been at the top of the priority lists of some previous Nigerian governments yet the...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages | Instant Download | Chapter 1-5 | EDUCATION DEPARTMENT
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2. FACTORS AFFECTING EFFECTIVE COMMUNICATION IN MARRAIGES IN NIGERIA
» ABSTRACT This study investigated the factors affecting effective communication in marriage. The high rate of separation and misunderstanding among mar...Continue Reading »Item Type & Format: Project Material - Ms Word | 67 pages | Instant Download | Chapter 1-5 | EDUCATION DEPARTMENT
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3. SKILL IMPROVEMENT NEEDS OF TEACHERS IN DOMESTIC INSTALLATION IN TECHNICAL COLLEGES IN YOBE STATE
» Table of Contents Title page i Approval page ii Declaration iii Dedication iv Acknowledgement v Table of Contents vi Abstract x CHAPTER ONE: INTRODUCT...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages | Instant Download | Chapter 1-5 | EDUCATION DEPARTMENT
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4. THE IMPACT OF LECTURER-STUDENT RELATIONSHIP ON STUDENT ACADEMIC PERFORMANCE. (A STUDY OF DELTA STATE UNIVERSITY, ASABA CAMPUS)
» ABSTRACT The study was aimed at investigating the impact of lecturer student relationship on students’ academic performance in delta state universit...Continue Reading »Item Type & Format: Project Material - Ms Word | 50 pages | Instant Download | Chapter 1-5 | EDUCATION DEPARTMENT
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5. EFFECT OF EARLY CHILDHOOD EDUCATION ON ACADEMIC ACHIEVEMENT OF PRIMARY FOUR STUDENTS IN UYO LOCAL GOVERNMENT AREA OF AKWA IBOM STATE
» ABSTRACT The study sought to establish facts about early childhood education experience on the academic performance of primary school children. The re...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages | Instant Download | Chapter 1-5 | EDUCATION DEPARTMENT
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6. KNOWLEDGE, PERCEPTION AND ATTITUDE OF UNIVERSITY STUDENT TOWARDS PREVENTION OF HIV/AIDS
» CHAPTER ONE 1.0 INTRODUCTION BACKGROUND TO THE STUDY Sex is a basic physiological need of every human being, male and females are created with differe...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages | Instant Download | Chapter 1-5 | EDUCATION DEPARTMENT
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7. AN INVESTIGATION TO THE CAUSES AND EFFECTS OF TRUANCY AMONG SECONDARY SCHOOL STUDENTS
» CHAPTER ONE 1.0 INTRODUCTION 1.1 BACKGROUND OF STUDY Truancy among students has become a growing problem. It is the act of deliberately missing one or...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 MOTIVATION ON THE PERFORMANCE OF TEACHERS IN SOME SELECTED SECONDARY SCHOOL IN OVIA SOUTH WEST LOCAL GOVERNMENT AREA, EDO STATE
» ABSTRACT Attempt has been made in this study to examine the effects of motivation on the performance of teachers, a case study of some selected second...Continue Reading »Item Type & Format: Project Material - Ms Word | 68 pages | Instant Download | Chapter 1-5 | EDUCATION DEPARTMENT
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9. ELECTRONIC LEARNING SYSTEM FOR EDUCATIONAL INSTITUTIONS (A CASE STUDY OF NATIONAL INSTITUTE OF INFORMATION TECHNOLOGY (NIIT) BENIN CITY
» ABSTRACT This project work is aimed at investigating the electronic learning system for educational institution using National Institute of Informatio...Continue Reading »Item Type & Format: Project Material - Ms Word | 60 pages | Instant Download | Chapter 1-5 | EDUCATION DEPARTMENT
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10. THE EFFECT OF EDUCATION ANXIETY ON THE ACADEMIC PERFORMANCE OF STUDENTS IN TERTIARY INSTITUTIONS
» CHAPTER ONE INTRODUCTION 1.1 Background to the Study Education transforms individuals into problem solvers who evince knowledge and are capable of uti...Continue Reading »Item Type & Format: Project Material - Ms Word | 56 pages | Instant Download | Chapter 1-5 | EDUCATION DEPARTMENT