AN APPRAISAL OF MONETARY POLICY IMPLEMENTATION IN NIGERIA (A CASE STUDY OF THE CBN)

ABSTRACT

Monetary policy aims at controlling the supply of money in the economy so as to affect the aggregate level of spending. The Central Bank of Nigeria as the custodian of the country’s monetary reserve, like other Central Bank of the worlds, possesses an armory of tools or techniques to control and regulate money and credit. Hence, the role that CBN plays in the implementation of monetary policy is critically examined and this valid exposition formed the basis of recommendation of this study. Necessary information regarding the study was collected through the use of questionnaire from selected managers in the CBN. The descriptive research methodology was employed and the percentage method was used to analyze the data collected. The study was organized motive chapters starting with the introduction of the study to the conclusion and recommendations.

TABLE OF CONTENTS

Page

Title Page i

Certification ii

Dedication iii

Acknowledgement iv

Abstract v

Table of contents vii

CHAPTER ONE: INTRODUCTION

1.1 Introduction 1

1.2 Problems of CBN 4

1.3 Statement of Problem 5

1.4 Research Questions 5

1.5 Research Hypothesis 5

1.6 Significance of the Study 6

1.7 Scope and Limitations of the Study 7

1.9 Definitions of Terms 7

CHAPTER TWO: LITERATURE REVIEW

2. 1 Theoretical Background 8

2.2 Objectives of Monetary Policy 10

2.3 Monetary Policy in Nigeria 15

2.4 Monetary Policy after 1986 16

2.5 Administration of Monetary Policy in Nigeria 20

2.6 Techniques and Instruments of Monetary Policy 21

2.7 Effectiveness of Monetary Policy 27

2.8 Limitations and Challenges of Monetary Policy in Nigeria 31

2.9 Monetary Policy Indicators 33

2.10 Monetary Policy Lags 35

2.11 The Autonomy of CBN 36

2.12 The Transmission Mechanism of Monetary Policy in Nigeria 37

2.13 Monetary Policy Measures 41

2.14 An Appraisal of Monetary Policy and Operations of CBN 42

2.15 Challenges and Prospects of Monetary Policy 44

Reference 46

CHAPTER THREE: RESEARCH METHODOLOGY

3.1 Research Design 47

3.2 Population, Sample and Sampling Techniques 47

3.3 Research instrument 48

3.4 Administration of the Instrument 48

3.5 Analysis of Data 49

3.6 Definition of Terms 49

CHAPTER FOUR: DATA ANALYSIS AND INTERPRETATION

4.1 Introduction 50

4.2 Analysis of questionnaire 54

4.3 Hypothesis testing 60

4.4 Reliability Test 66

CHAPTER FIVE: SUMMARY, CONCLUSION, RECOMMENDATIONS

AND SUGGESTIONS FOR FURTHER RESEARCH

5.1 Summary 67

5.2 Conclusion 68

5.3 Recommendation 68

5.4 Suggestions for Further Research 69

Bibliography 70

Report Access / View File

Overall Rating

0

5 Star

(0)

4 Star

(0)

3 Star

(0)

2 Star

(0)

1 Star

(0)

APA

ShC49Ph5c0009dd836123.71809855, B. (2018). AN APPRAISAL OF MONETARY POLICY IMPLEMENTATION IN NIGERIA (A CASE STUDY OF THE CBN). Afribary. Retrieved from https://beta.afribary.com/works/an-appraisal-of-monetary-policy-implementation-in-nigeria-a-case-study-of-the-cbn-8565

MLA 8th

ShC49Ph5c0009dd836123.71809855, BPZusgD5c0009dd813ad5.89971962 "AN APPRAISAL OF MONETARY POLICY IMPLEMENTATION IN NIGERIA (A CASE STUDY OF THE CBN)" Afribary. Afribary, 29 Jan. 2018, https://beta.afribary.com/works/an-appraisal-of-monetary-policy-implementation-in-nigeria-a-case-study-of-the-cbn-8565. Accessed 24 Apr. 2025.

MLA7

ShC49Ph5c0009dd836123.71809855, BPZusgD5c0009dd813ad5.89971962 . "AN APPRAISAL OF MONETARY POLICY IMPLEMENTATION IN NIGERIA (A CASE STUDY OF THE CBN)". Afribary, Afribary, 29 Jan. 2018. Web. 24 Apr. 2025. < https://beta.afribary.com/works/an-appraisal-of-monetary-policy-implementation-in-nigeria-a-case-study-of-the-cbn-8565 >.

Chicago

ShC49Ph5c0009dd836123.71809855, BPZusgD5c0009dd813ad5.89971962 . "AN APPRAISAL OF MONETARY POLICY IMPLEMENTATION IN NIGERIA (A CASE STUDY OF THE CBN)" Afribary (2018). Accessed April 24, 2025. https://beta.afribary.com/works/an-appraisal-of-monetary-policy-implementation-in-nigeria-a-case-study-of-the-cbn-8565

AN APPRAISAL OF MONETARY POLICY IMPLEMENTATION IN NIGERIA (A CASE STUDY OF THE CBN)

0

Document Details

Related Works