ABSTRACT
The study empirically examines the impact of
monetary policy on economic growth in Nigeria. In line with the objective of
this study, secondary data were obtained from central bank of Nigeria
statistical bulletin covering the period of 1990 to 2011. The variables
examined in the, study are money supply, liquidity ratio, cash reserve ratio,
and Inflation as independent variables and Gross Domestic Product as the
dependent variable. The study employed multiple regression analysis in its
estimation of the variables. The result showed that money supply, liquidity
ratio and cash reserve ratio has no significant effect on Gross Domestic
Product, while inflation hW significant effect on the Gross Domestic Product of
Nigeria. It is therefore recommended that appropriate policy measures should be
taken to control inflation in Nigeria.
ORJI, C (2026). An Empirical Analysis Of The Impact Of Monetary Policy On Economic Growth Of Nigeria (1990 - 2011):- Orji ifeanyi C. Mouau.afribary.org: Retrieved Feb 10, 2026, from https://repository.mouau.edu.ng/work/view/an-empirical-analysis-of-the-impact-of-monetary-policy-on-economic-growth-of-nigeria-1990-2011-orji-ifeanyi-c-7-2
COLLINS, ORJI. "An Empirical Analysis Of The Impact Of Monetary Policy On Economic Growth Of Nigeria (1990 - 2011):- Orji ifeanyi C" Mouau.afribary.org. Mouau.afribary.org, 10 Feb. 2026, https://repository.mouau.edu.ng/work/view/an-empirical-analysis-of-the-impact-of-monetary-policy-on-economic-growth-of-nigeria-1990-2011-orji-ifeanyi-c-7-2. Accessed 10 Feb. 2026.
COLLINS, ORJI. "An Empirical Analysis Of The Impact Of Monetary Policy On Economic Growth Of Nigeria (1990 - 2011):- Orji ifeanyi C". Mouau.afribary.org, Mouau.afribary.org, 10 Feb. 2026. Web. 10 Feb. 2026. < https://repository.mouau.edu.ng/work/view/an-empirical-analysis-of-the-impact-of-monetary-policy-on-economic-growth-of-nigeria-1990-2011-orji-ifeanyi-c-7-2 >.
COLLINS, ORJI. "An Empirical Analysis Of The Impact Of Monetary Policy On Economic Growth Of Nigeria (1990 - 2011):- Orji ifeanyi C" Mouau.afribary.org (2026). Accessed 10 Feb. 2026. https://repository.mouau.edu.ng/work/view/an-empirical-analysis-of-the-impact-of-monetary-policy-on-economic-growth-of-nigeria-1990-2011-orji-ifeanyi-c-7-2