MONETARY POLICIES AND IMPLEMENTATION IN NIGERIA,
MONETARY POLICIES AND IMPLEMENTATION IN NIGERIA,
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Date
1999
Authors
GALADIMA, AMINA ARDO
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Abstract
This study is designed to find out the overall effectiveness of monetary
policies in promoting economic development in Nigeria.
The unique characteristics of policy tools are highlighted, so also the problems
Associated with their implementation.
From the analysis, it was discovered that most of the policy tools are either not
properly implemented or not properly chosen, as they cannot adequately take care of
the economic problems on the ground. This is because statistical data required for
policy setting are either received very late or unreliable from main operators which
are banks and other financial institutions, so also government budgets deficits
financed through borrowings.
It was concluded therefore that for the tools to be effective;
(1) Data should be realistic, reliable and timely received by the policy makers.
(2) There should be proper harmonization of fiscal and monetary policies to
reduce yearly budget deficits which are mainly due to lack of coordination
between fiscal and monetary programs.
(3) CBN should undertake deliberate strategy for rebuilding confidence in the
banking industry.
(4) There should be due attention given to timing sequencing, appropriateness and
complementariness of policy choices to make them more effective.
Description
IN PARTIAL FULFILMENT FOR THE AWARD OF
MASTERS IN BUSINESS ADMINISTRATION (MBA)
AHMADU BELLO UNIVERSITY, ZARIA.
1999
Keywords
MONETARY POLICIES,, IMPLEMENTATION,, NIGERIA