Impact of monetary and fiscal policies on the economic growth of Nigeria from 1990-2011:- Godfrey, Ugwunna I.

ABSTRACT

In this sturdy, we set out to 'empirically investigate the impact of monetary and fiscal policies on the economic growth of Nigeria using ordinary least square . . regression analysis with annual time series covering period of 1990-2011. Data for this study was obtained form CBN statistical bulletin. The result of the study led to several interesting cohclusions. First, federal government recurrent expenc'iture has a positive and significant impact on the economic growth 'of Nigeria. The study recommends that government should exa:nine both money supply, treasure bill, monetary policy rate and cash reserve ratio and capital expenditure to make them relevant to economic development. If the monetary policies are not effective, a new set of policies should be put in place which may be relevant for economic growth purposes.