International records / OpenAlex research

Monetary Policy and Private Sector Growth in Nigeria

This study investigates the impact of monetary policy on private sector growth in Nigeria, utilizing data from 1998 to 2025, sourced from the Central Bank of Nigeria (CBN) Statistical Bulletin. The study aims to assess the effects of money supply, monetary policy rate (MPR), and reserve ratio on private sector output in the country. Using descriptive statistics and the Ordinary Least Squares (OLS) model for analysis, the findings reveal that an increase in money supply positively and significantly influences private sector output, highlighting the critical role of liquidity in promoting econom…