The Role of Central Bank of Nigeria in Formulation and Implementation of Effective Monetary Policy in Nigeria
Student: Ansaruddin Hussain Yusif (Project, 2025)
Department of
Northwest University, Kano, Kano State
Abstract
The study was undertaken to find out the role of central bank of Nigeria in formulation andimplementation of effective monetary policy in Nigeria. The data collected for this study isannual time series data from 1983 to 2023 (i.e., 41 observations) which were sourced fromthe Central Bank of Nigeria (CBN) Statistical Bulletin (2024) and World DevelopmentIndicators (2024). In line with findings of the study, concludes that the role of central bank ofNigeria is statistically significant in the formulation and implementation of effectivemonetary policy in Nigeria by analyzing CBN monetary policy tools such as exchange rate,interest rate and money supply using the Ordinary Least Square (OLS) model. The studyreveals that the central bank plays a significant role in the effectiveness of monetary policy being implemented in Nigeria.
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For the full publication, please contact the author directly at: ansaruddeenyh@yahoo.com
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Institutions
- Ekiti State University 58
- Ekiti State University, Ado-Ekiti, Ekiti State 881
- Elizade University, Ilara-Mokin, Ondo State 100
- Emmanuel Alayande College of Education, Oyo. (affl To Ekiti State Univ) 2
- Enugu State Polytechnic, Iwollo, Enugu State 4
- Enugu State University of Science and Technology, Enugu, Enugu State 29
- Evangel University, Akaeze, Ebonyi State 2
- FCT COLLEGE OF EDUCATION, ZUBA ,( AFFILIATED TO ABU, ZARIA), FCT-ABUJA 5
- Federal College of Agricultural Produce Tech, Hotoro Gra Ext, Kano, Kano State 2
- Federal College of Educ. (Special), Oyo, Oyo State (Aff To Uni. Ibadan) 10