Monetary Policy and Nigeria Economic Growth (1981-2014)

Abstract

The effect of monetary policy on economic growth for the timeframe 1981 to 2014 has been studied through this research with the help of secondary data obtained from publication of Central Bank of Nigeria namely annual reports, statement of economic and financial review and Statistical Bulletins. Data obtained were analyzed using multiple regression and E-view statistical packages. Result obtained showed that monetary policies adopted during the period under review have effective impact on Nigeria economic growth.