A Comparative Analysis of Apc Economic Policies and Nigeria’s Economic Growth, 2015-2023

This research examines the impact of APC economic policies on Nigeria’s economic growth from 2015 to 2023, addressing the country’s ongoing economic challenges such as inflation, unemployment, and poverty despite policy interventions. The gap in existing literature lies in the lack of a comparative analysis that links APC’s specific economic policies to Nigeria’s economic outcomes during this period. The study investigates two key research questions: 1) Has the implementation of government’s monetary policy led to an increase in inflation in Nigeria from 2015 to 2023? 2) Has the adoption of fiscal policy improved poverty rates in Nigeria during the same period? The study employs an Ex post facto research design, using the Political Economy Theory to analyze the relationship between economic policies and national outcomes. Data was collected through documentary methods and analyzed using content analysis. The findings reveal that the implementation of government monetary policies, particularly adjustments to the Monetary Policy Rate (MPR) and exchange rate policies, has contributed to inflationary pressures. Furthermore, fiscal policies, including the National Social Investment Program (NSIP), have shown mixed results in reducing poverty. Based on these findings, the research recommends improving the targeting and implementation of fiscal policies to achieve more effective poverty alleviation. Additionally, it suggests that a more stable and transparent monetary policy framework is needed to mitigate inflation and foster economic growth. These findings offer valuable insights for refining economic strategies in Nigeria. Keywords: Poverty, Inflation, Monetary Policy, Fiscal policy, Economy