International records / OpenAlex research

Effect of Monetary Policy on Economic Growth in Nigeria

The chequered history of the Nigeria monetary policy has created a visible asymmetry in the two known monetary regimes (before and after SAP) in the country.Years after the Structural Adjustment Programme (SAP), the Nigeria economy grew to become the strongest economy in Africa and suddenly plunging into recession, a situation that have adversely affected the growth and development of the economy by ways of rising unemployment rate, soaring poverty and swollen external debt, thus suggesting that the failure of the monetary policy in curbing price instability has caused growth instability as Ni…