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 Title pageII Approval pageIII DedicationIV AcknowledgementV AbstractVI Table of contentVII
CHAPTER ONE Introduction1 1.1Statement of problem2 1.2Research question4 1.3Definition of the term4 1.4Objectives of the research6 1.5Scope of the study7 1.6Limitations of study8
CHAPTER TWO An overview of Nigerian monetary policy11 2.1 Administration of monetary policy13 2.2 Objectives of monetary policy14 2.3 Instruments of monetary policy15 2.5 Inflation in Nigeria18 2.6 Types of inflation20 2.7 Causes of inflation21 2.8 Monetary policy as control measure in Nigeria25
CHAPTER THREE Research design and methodology29 3.1 Sources of secondary data29 3.2 Method of investigation30 3.3 Sampling procedure30
CHAPTER FOUR 4.1 Conclusion/recommendation31 4.2 Recommendation31 Bibliography33