The study examined the impact of money supply on economic growth in Nigeria. In the model specified, real gross domestic product (real GDP) is the regress while real exchange rate, broad money supply and real interest rate are the regressors. Data was collected from CBN statistical bulletin for the period 1970-2007. The statistical technique used for the analysis is the ordinary least square, with the aid of P.C. give 8.00 software package.
The result indicates that the expansionary credit being supplied in Nigeria within the period under review failed to influence the real gross domestic product. Real interest rate being the only significant regressor is not one of the target variables of monetary policy. It has been identified that the major problem militating against the poor performance of monetary policy instruments in influencing real GDP in Nigeria is time-lags involved which now makes any policy employed by the government to take many months to achieve its full effect.
In effect to this, the effectiveness of influencing real GDP in Nigeria maybe promoted by emphasizing on real interest rate instead of on monetary target variables due to the fact that real interest rate is statistically significant.
TABLE OF CONTENT
Table of Content
1.1 Background of the Study
1.2 Statement of Problem
1.3 Objectives of Study
1.4 Research Hypothesis
1.5 Significance of the Study
1.6 Sources of Data and Its Scope
REVIEW OF LITERATURE
2.1 Theoretical Literature
2.2 Empirical Literature
2.3 Meaning of Monetary Policy
2.4 Objectives of Monetary Policy
2.5 Monetary Policy Formulation in Nigeria
2.6 Determinants of Money Supply in Nigeria
2.7 Nigeria Financial Institutions
2.8 Objectives of Nigerian Financial
2.9 Significant Developments in the Nigerian financial Institution in recent times
2:10 The Impacts of Money Supply in Nigeria Economy
2.11 Control of Money Supply in Nigeria
CHAPTER THREE: RESEARCH METHODOLOGY
3.1 Institutional Consideration
3.2 Estimation Procedure
3.3 Model Specification
3.4 Method of Evaluation
3.5 Decision Rule
3.6 Data Required and Sources
4.0 Presentation and Analysis of Result
4.1 Presentations of Results
4.2 Analysis Based on Statistical Criteria (1st Order Test)
4.3 Econometric Test or 2nd Order Test
5.0 SUMMARY, CONCLUSION AND POLICY RECOMMENDATION
5.3 Policy Recommendation
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(2013, 10). The Impact Of Money Supply On Economic Growth In Nigeria (1970-2007).. ProjectStoc.com. Retrieved 10, 2013, from https://projectstoc.com/read/1798/the-impact-of-money-supply-on-economic-growth-in-nigeria-1970-2007
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"The Impact Of Money Supply On Economic Growth In Nigeria (1970-2007).." ProjectStoc.com. 10, 2013. Accessed 10, 2013. https://projectstoc.com/read/1798/the-impact-of-money-supply-on-economic-growth-in-nigeria-1970-2007.
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