Impact Of Monetary Policy Tools On Capital Formation In Nigeria:- Iheke, Francisca O
ABSTRACT
The main thrust ofthe study was to investigate
the impact ofmonetary policy on capital formation in Nigeria. Time series data
spanning from 1990 to 2016 was used for the study and analyzed with the aid of
multiple regression analysis. Monetary policy was measured by monetary policy
rate, liquidity ratio and cash reserve ratio while capital formation was
proxies by gross fixed capital formation. The findings revealed that monetary
policy rate and liquidity rate exerted negative impact on capital, but monetary
policy rate was significant while liquidity ratio was insignificant. Also, cash
reserve ratio was positive and significant. It was recommended that investors
in Nigeria should take into cognizance monetary policy actions in their
decision making process.
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FRANCISCA, O (2026). Impact Of Monetary Policy Tools On Capital Formation In Nigeria:- Iheke, Francisca O. Repository.mouau.edu.ng: Retrieved Feb 17, 2026, from https://repository.mouau.edu.ng/work/view/impact-of-monetary-policy-tools-on-capital-formation-in-nigeria-iheke-francisca-o-7-2
ONYEBUCHI, FRANCISCA. "Impact Of Monetary Policy Tools On Capital Formation In Nigeria:- Iheke, Francisca O" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 17 Feb. 2026, https://repository.mouau.edu.ng/work/view/impact-of-monetary-policy-tools-on-capital-formation-in-nigeria-iheke-francisca-o-7-2. Accessed 17 Feb. 2026.
ONYEBUCHI, FRANCISCA. "Impact Of Monetary Policy Tools On Capital Formation In Nigeria:- Iheke, Francisca O". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 17 Feb. 2026. Web. 17 Feb. 2026. < https://repository.mouau.edu.ng/work/view/impact-of-monetary-policy-tools-on-capital-formation-in-nigeria-iheke-francisca-o-7-2 >.
ONYEBUCHI, FRANCISCA. "Impact Of Monetary Policy Tools On Capital Formation In Nigeria:- Iheke, Francisca O" Repository.mouau.edu.ng (2026). Accessed 17 Feb. 2026. https://repository.mouau.edu.ng/work/view/impact-of-monetary-policy-tools-on-capital-formation-in-nigeria-iheke-francisca-o-7-2