International records / OpenAlex research

The Money Supply and Inflation Rate in Nigeria (1985- 2024)

This study focused on money supply and inflation rate in Nigeria for the period 1985 to 2024. The specific objectives were to empirically examine the impact of broad money supply (M2) on the rate of inflation in Nigeria, examine the impact of nominal money supply (M1) on the rate of inflation in Nigeria, and to empirically examine the impact of interest rate on the rate of inflation in Nigeria, The study adopted ex post facto method and employed the Generalized Method of Moments (GMM) techniques to analyze the data. The findings showed that Broad money supply (M2) has significant positive impa…