The Effect Of Inflation And Interest Rate On Economic Growth Of Nigeria

ABSTRACT

The gross Domestic product Growth is a long term rise in the capacity to supply increasingly diverse economic goods o its population. This growing capacity is said to base on advancing technology.

It is only through an effective economic system that human and material resources of the nation could be mobilized   between the government and the governed. The concept of economy development of Nigeria with its objectives is aimed at standard and mobilization or mobilizing the functions and financial resource is to encourage initiative and leadership potential.

There is still need for government to creative conducive social and political environment to attract foreign investors in various aspects of the Nigeria economy. To this end of the democratization process will be in progress to encourage the earnest pursue.

The research major objective is to identify how inflation and interest rate has affected economic growth in Nigeria and suggesting recommending ways of improving Nigeria economy. This problems on GDP was critically examine.

In handling the research, secondary and primary data where source with the use of questionnaire and oral interview, while secondary data sources are test books.

The analysis of data was based on percentages. It is on the strength of the finding that recommendation and conclusion was made.

TABLE OF CONTENT

TLTLE PAGE

APPROVAL PAGE

DEDICATION

ACKNOWLEDGEMENT

ABSTRACT

TABLE OF CONTENT

CHAPTER ONE

1.1INTRODUCTION

1.2STATEMENT OF PROBLEMS

1.3OBJECTIVE OF STUDY

1.4RESEARCH QUESTION

1.5STATEMENT OF HYPOTHESIS

1.6SIGNIFICANCE OF STUDY

1.7SCOPE & LIMITATION

1.8DEFINITION OF TERMS

1.9REFERENCE

CHAPTER TWO

2.0LITERATURE REVIEW

2.1INTEREST RATE MANAGEMENT IN NIGERIA

2.2FACTORS INFLUENCE INTEREST RATE

2.3MANAGEMENT PRIOR 2003/ MONETARY DEVELOPMENT 

2.4CASE FOR INTEREST CEILING

2.5CASE AGAINST INTEREST CEILING

2.6INFLATION AND UNEMPLOYMENT

2.7INFLATION AND ECONOMIC GROWTH

2.8EFFECT OF INFLATION ON SAVINGS/ GROWTH

2.9INFLATION AND GROWTH IN DEVELOPING NATION

2.2.1 EMPRIRCAL STUDY ON RELATIONSHIP ON INLFATION 

AND ECONOMIC GROWTH IN LATIN AMERICA OTHER COUNTIRES

2.2.2EMPHRICIAL EVIDENCE BASED ON SOME AFRICAN COUNTRIES

2.2.3REFERENCE.

CHAPTER THREE

3.0RESEARCH DESING AND METHODOLOGY

3.1RESEARCH DESIGN

3.2RESEARCH METHODOLOGY

3.3AREA OF STUDY

3.4LOCTION OF DATA

3.5INSTRUMENT OF DATA COLLECTION

3.6METHOD OF DATA PRESENTATION

3.7TECHNIQUES OF DATA ANALYSIS

CHAPTER FOUR

4.0PRESENTATION OF DATA AND ANALYSIS OF RESULT AND INTERPRETATION.

4.1PRESENTATION OF DATA

4.2ANALYSIS OF RESULT

4.3TOST OF HYPOTHESIS

4.4INTERPRETATION.

CHAPTER FIVE

5.0SUMMARY OF FINDINGS, RECOMMENDATION AND CONCLUSION

5.1SUMARY OF FINDINGS

5.2RECOMMENDATION

5.3CONCLUSION

BIBLIOGRAPHY