ABSTRACT
This research work focus on the appraisal of Macroeconomic Policy on Inflation in Nigerian Economy, also to determine how it enhances the growth of Nigerian Economy.
The aim of this research work is to look into challenges and numbers of hypothesis were drawn. Information necessary to address the test of hypothesis was gathered through secondary data, source from Central Bank of Nigeria (CBN).
Economic analysis was used to formulate the three (3) models that were stated in this research work. Multiple regressions were also used to test the appraisal of Macroeconomic Policy on Inflation in Nigerian Economy. The findings of this research show that macro-economic policy as a tool for Economic Policy and Growth as a Positive Effect on the Growth in Nigeria. Inconclusion, government should ensure that operational problems are tackled prior to sale so that there would not be any barrier hindering the high degree of efficiency that is associated with the stability of the Nigerian economy.
CHAPTER ONE
1.1 INTRODUCTION
Over the years, Nigeria has made conscious and determined efforts to attain a high level of social and economic transformation of the economy in order to attain the development goals and including monetary policy, fiscal, policy, exchange control measures and income and price control. The measures adopted were changed from time to time to reflect the changing economic environment and circumstances.
This work focuses on two of the policies adopted (monetary and fiscal policy) and examines their uses for economic growth and stability in Nigeria. Since the main burden of aggregate economic policy must fall on either monetary policy and fiscal policy or a combination of both.
The question arises as to whether to clear cut distinction can be made between policies which are termed “MONETARY” are those which are to be called “FISCAL”. The truth is that considerable ambiguity about these terms exist and this often leads to useless debate and confusion.
However, monetary policy can be as a measure which deals with the discretionary control of money supply by the monetary authorities with a view of achieving stated economic’ objectives. In other words, it employs the use of variation in the money supply to achieve economic objectives.
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