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Effect Of Monetary Policy Management On Performance Of Nigeria’S Economy

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Abstract

This study examined the effect of Monetary Policy Management on the Performance of Nigeria Economy. An ex-post facto research design was adopted for the study. Time series data were collected from the CBN Statistical Bulletin using desk survey method from 1985- 2017. The data were analyzed using Ordinary Least Square multiple regression statistical technique. Money supply had a positive and significant relationship with the performance of Nigeria’s economy, issuance of treasury bills had an inverse and insignificant relationship with the performance of Nigeria’s economy, monetary policy rate had an inverse and insignificant relationship with the performance of Nigeria’s economy and finally exchange rate had a positive and significant relationship with the performance of Nigeria’s economy. Based on these findings, the paper therefore, recommends that the CBN monetary policy should be structured in such a way that businesses and indeed the banking sector will be impacted positively by these policies. Finally, government through the CBN, should regulate money supply in a manner that will not hamper the growth of the economy.

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  • Attah Umana, Etebong & Chinwe Agha, Nancy & Ikechukwu Ezugwu, Christian, 2021. "Effect Of Monetary Policy Management On Performance Of Nigeria’S Economy," Journal of Taxation and Economic Development, Chartered Institute of Taxation of Nigeria, vol. 20(1), pages 18-33, March.
    • Handle: RePEc:ris:jotaed:0048
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