EFFICIENCY OF MONETARY POLICY IN CONTROLLING INFLATION IN NIGERIA

EFFICIENCY OF MONETARY POLICY IN CONTROLLING INFLATION IN NIGERIA

ABSTRACT

This researcher work was embarked upon to study the efficiency of monetary policy in controlling inflation in Nigeria.

The need for this study was informed by the trend of inflationary growth over the years, the impact of inflation on the achievement of the four basic goals of monetary policy: economic growth, price stability, inflationary rate or favourable balance of payment.

May research work have been carried out on this issue previously but despite all good policies of government and its agencies, these goals have remained elusive over the years.

There is therefore the need for study on this sensitive issue, to research, articulate and review the current approach and review the current approach to monetary policy which its success hinges crucially on the extent to which the budgetary programme of the federal government can be harmonized with the goal of monetary policy

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