THE IMPACT OF FISCAL AND MONETARY POLICY ON THE NIGERIAN ECONOMY

ABSTRACT

The study was undertaken to ascertain impact of fiscal and monetary policies in Nigeria Economy. Being economy has long history of its economic problems irrespective of developing economy regardless of the nature of economic practices. That is in operation in the same vein, individuals, organizations, face similar problem of how to organize, economically to evolve a viable and sustain economic growth. It is behind the background that government as the matter of traditional design for such fiscal year addition economic policy and restructures the existing one to be in consonants with past and current called a budget which is a forecast for a projection into the future or bringing the future into the present. These measures are harmonized and experimented upon with the ultimate at the close of the fiscal and year. It is in view of that government adopt monetary and fiscal policies to monitor and supervise the demand and supply of money and the impact of fiscal and monetary policies in the economy to identify me excesses and evolve measure to eliminating them. It can be seen that there is no solution to economic problem.

TABLE OF CONTENT

Title page i

Approval page ii

Dedication iii

Acknowledgement iv

Abstract vi

Table of content vii

CHAPTER ONE: INTRODUCTION

1.1 Introduction 1

1.2 Statement of the problem

1.3 Background of the study 23

1.4 Purpose of the study 34

1.5 Research questions 4

1.6 Significance of the study 5

1.7 Scope of the study 56

1.8 Definition of terms 67

CHAPTER TWO: LITERATURE REVIEW

2.1 Introduction 8

2.2 Meaning of fiscal and monetary policy 910

2.3 Legal framework/administration of fiscal and monetary

Policies in Nigeria 1012

2.4 A review of fiscal and monetary policies employed in 1323

Nigeria between 1999-2004

CHAPTER THREE RESEARCH METHODOLOGY

3.1 Introduction 24

3.2 Research design 24

3.3 Sources of data 24

3.4 Population of study and sample size 25

3.5 Sampling technique and procedure 25

3.6 Methods of data collection 25

3.7 Methods of data analysis 26

3.8 Weaknesses of the methodology 2627

CHAPTER FOUR: DATA PRESENTATION, ANALYSIS AND INTERPRETATION

4.1 Introduction 28

4.2 Data presentation and analysis 2835

4.3 Summary of findings

CHAPTER FIVE: SUMMARY, CONCLUSION AND RECOMMENDATION

5.1 Introduction 36

5.2 Summary 3637

5.3 Conclusion 37

5.4 Recommendations 38

Bibliography 39

Appendix 40