THE ROLE OF MONETARY POLICY AND IT’S IMPACT ON NIGERIA FINANCIAL SYSTEM
USER'S INSTRUCTIONS: The project work you are about to view is on "the role of monetary policy and it’s impact on nigeria financial system". Please, sit back and study the below research material carefully. This project topic "the role of monetary policy and it’s impact on nigeria financial system" have complete 5(five) Chapters. The complete Project Material/writeup include: Abstract + Introduction + etc + Literature Review + methodology + etc + Conclusion + Recommendation + References/Bibliography.Our aim of providing this "the role of monetary policy and it’s impact on nigeria financial system" project research material is to reduce the stress of moving from one school library to another all in the name of searching for "the role of monetary policy and it’s impact on nigeria financial system" research materials. We are not encouraging any form of plagiarism. This service is legal because, all institutions permit their students to read previous projects, books, articles or papers while developing their own works.
TITLE PAGE
THE ROLE OF MONETARY POLICY AND IT’S IMPACT ON NIGERIA FINANCIAL SYSTEM
BY
---
EE/H2013/01430
DEPARTMENT OF ----
SCHOOL OF ---
INSTITUTE OF ---
DECEMBER,2018
APPROVAL PAGE
This is to certify that the research work, "the role of monetary policy and it’s impact on nigeria financial system" by ---, Reg. No. EE/H2007/01430 submitted in partial fulfillment of the requirement award of a Higher National Diploma on --- has been approved.
By
--- . ---
Supervisor Head of Department.
Signature………………. Signature……………….
……………………………….
---
External Invigilator
DEDICATION
This project is dedicated to Almighty God for his protection, kindness, strength over my life throughout the period and also to my --- for his financial support and moral care towards me.Also to my mentor --- for her academic advice she often gives to me. May Almighty God shield them from the peril of this world and bless their entire endeavour Amen.
ACKNOWLEDGEMENT
The successful completion of this project work could not have been a reality without the encouragement of my --- and other people. My immensely appreciation goes to my humble and able supervisor mr. --- for his kindness in supervising this project.
My warmest gratitude goes to my parents for their moral, spiritual and financial support throughout my study in this institution.
My appreciation goes to some of my lecturers among whom are Mr. ---, and Dr. ---. I also recognize the support of some of the staff of --- among whom are: The General Manager, Deputy General manager, the internal Auditor Mr. --- and the ---. Finally, my appreciation goes to my elder sister ---, my lovely friends mercy ---, ---, --- and many others who were quite helpful.
PROJECT DESCRIPTION: This work "the role of monetary policy and it’s impact on nigeria financial system" research material is a complete and well researched project material strictly for academic purposes, which has been approved by different Lecturers from different higher institutions. We made Preliminary pages, Abstract and Chapter one of "the role of monetary policy and it’s impact on nigeria financial system" visible for everyone, then the complete material on "the role of monetary policy and it’s impact on nigeria financial system" is to be ordered for. Happy viewing!!!
The study investigated effect of monetary policy on economic growth in Nigeria. The natural log of the GDP was used as the dependent variables against the explanatory monetary policy variables: monetary policy rate, money supply, exchange rate, lending rate and investment. The time series data is the market controlled period covering 1986 to 2016. The study adopted an Ordinary Least Squared technique and also conducted the unit root and co-integration tests. The study showed that long run relationship exists among the variables. Also, the core finding of this study showed that monetary policy rate, interest rate, and investment have insignificant positive effect on economic growth in Nigeria. Money supply however has significant positive effect on growth in Nigeria. Exchange rate has significant negative effect on GDP in Nigeria. Money supply and investment granger cause economic growth, while economic growth causes interest rate in Nigeria. On the overall, monetary policy explain 98% of the changes in economic growth in Nigeria. Thus, the study concluded that monetary policy can be effectively used to control Nigerian economy and thus a veritable tool for price stability and improve output.
TABLE OF CONTENT
Title Page
Certification
Dedication
Acknowledgement
Table of Content
CHAPTER ONE INTRODUCTION
1. 1 Background of the Study.
1.2 Statement of the Problems
1.3 Objective of the Study.
1.4 Significance of the Study.
1.5 Scope of the Study.
1.6 Definition of Key Terms.
1.7 Plan of the Study.
CHAPTER TWO: LITERATURE REVIEW
2.1 Monetary Theories
2.2 Process of Formulation of Monetary Policy.
2.3 The role of Monetary Policy.
2.4 Instrument of Monetary Policy.
2.5 Targets and Indication of Monetary.
CHAPTER THREE: CASE STUDY AND METHODOLOGY
3.1 Brief History of Central Bank of Nigeria.
3.2 Research Methodology.
3.3 Sources of Data Collection.
3.4 Method of Data Analysis.
CHAPTER FOUR: DATA PRESENTATION
4.1 Review of Monetary Policy in Nigeria.
4.2 Monetary Policy of year 2001 Fiscal Year.
4.3 Comparing Year 2001 Fiscal Year Monetary Policy.
4.4 Impact of Monetary Policy on Nigeria Financial System.
CHAPTER FIVE: SUMMARY, CONCLUSION, AND RECOMMENDATIONS.
5.1 Summary
5.2 Conclusion.
5.3 Recommendations
CHAPTER ONE
- BACKGROUND OF THE STUDY
The growing importance of the modern state of ensuring adequate provision for living and the need for economic growth in large part of the world have contributed to the entrance of the prestige of monetary policy as an important instrument of economic policy.
This write up examine and explain various monetary policy instruments that have been used in UK since the inception of the central Bank of UK which is the regulator body used by the federal government to regulate and control the money in circulation. The policies are designed in an attempt to change the trends of some monetary.
Variable in particular and direction so as to induce the desires behavoural change in the monetary authorities used policies in controlling some major macro-economic problems now rampart in our society.
One of the primary responsibilities of any government is to ensure that citizen attain a high standard of living, the monetary policies consist of action by government to help accusing economic objectives.
Some of these objectives are as follows:
- Full employment.
- Rapid economic growth and development.
- Price stability.
- Equality and distribution of income.
- Stable foreign exchange rates.
- Attainment of self reliance in the economy.
- Correction of balance of payment deficit.
Any government whether a developed or a developing country economic objective which must be economic growth as to maintain the economy at its full potential output level, the improvement of the function of the economical by restraining excess demand and inflationary price increase from imposing real cost on society and the restraint off any tendency of the economy towards a chronic balance of payment disequilibrum. Therefore, in an effort to achieve these objectives, government have put in place a number of different policy tools such as monetary policy that is topic under discussion other policy tools are fiscal policy, credit policy, foreign trade policy and exchange rate policy.
The research work will also look into the instrument or weapon of monetary policies such as open market operation, interest rate, special deposit, reserve requirement, request and directions and finally given suggestion and recommendation on how these policies could be effectively used.
- STATEMENT OF THE RESEARCH PROBLEMS.
Monetary policy has a major role to play in the Nigeria finance system and the economy in general.
To ensure efficient and effective growth in the economy monetary policy must be allowed to stay for a period of three to four years to ensure stable economy growth and enhance the control of monetary in the money and capital market.
The monetary policy when not in good planning and control will contributes to the inflationary trend of the nation economic although the performance sheet of the economy shows that economic is on good track but inflation rate continue to gallop for instance during 1999 fiscal year the rate of inflation stood at 15 percent, in year 2000, it’s reduced again to 0.9 percent at present it as shoot up to 5.5 percent.
These have contributed to the poor economic growth in stabilization in the market system. Inequitable distribution of income the above discussion shows that not allowing the monetary policy to last for longer period before introducing another current measure is a problem facing the economic of the country and also the regulatory body of the policy ought to take caution and exercise adequate economic skills aim at acquiring the best for the country.
- OBJECTIVES OF THE STUDY
The main objective of this study is to indemnify the importance and impact or to evaluate the role monetary policy and its impact on the financial system.
And to examine critically the adequate of monetary in UK and the relate the general theoretic background and establish specific monetary policy indicated by the structure and character of UK economy.
In addition, it will also examine the historical potential of contemporary monetary policy in changing economic circumstance of Nigeria growing effort and possible prefer suggestions.
- SIGNIFICANCE OF THE STUDY.
This research work is important to every sector and everyone within nation. Economists agree that money plays an important role in the economic development and growth process of a nation, ever since the days of an ancient Greek writer-philosophy plato Aristotle and xylophone write dealing with money have dwelt on the issue of monetary policy. Monetary policy involves some process which will bring about the growth of the economic, these are the objective of monetary policy ( the goals of the policy) policy formulation and choice of policy instrument, policy implementation and policy evaluation / adjustment.
All these process will bring about great impact on the activities of the financial institution that helps in the successful execution of the policies through their dealing with general public the introduction of these policy have increase the level of activities in the economy.
- SCOPE OF THE STUDY.
The research work is designed to cover almost all the area of the goals of monetary policy and it is instrument. It will deal with the impact trend, and indicator of various monetary tools been used in Nigeria finance system to the supply of money and cost is Nigeria banking system.
- PLAN OF THE STUDY.
In line with the above discussion, these stages briefly states the outline of the various chapters in the project work in the light of the above, the project shall be divided into five chapters in order to achieve the aim of the project each chapter shall deal with all the important aspect of the topic.
Chapter one of the report will contain the introduction of the project work by giving the background of the study statement of problem of study objective of the study. Significant of the study, scope and limitation of the study and the organization of the study.
Chapter two will focus and deals with review of various literature materials on monetary policy.
Chapter three will focus on the brief history of the regulatory body of monetary policy in Nigeria which is the Central bank of UK and the research methodology used.
Chapter four will analysis stating the information received so far on the monetary that is the review of monetary policy in UK comparision of current year monetary policy with previous year and the impact of monetary policy and UK finance system.
Lastly, chapter five would cover on will be devoted to summary conclusion are recommendation.
Through its influence on aggregate demand and hence on output. This school of thought even argues that a modest rate of growth because it is only in such circumstance that the rate of profit would rise and motivation to invest would increase .
It is further argued that the use of monetary policy to achieve growth can aid achievement of some other objective such as full employment.
The other view on monetary policy is the classical view as defined by Milton, according to this view monetary policy can not be used to achieve a legal unemployment which is lower the natural rate of unemployment. However in an increase in money supply will simply lead to a repetition of the business cycle which clearly show the rate of stabilization in the economy.
BUSINESS CYCLE
Keynesian view is that monetary policy should be directed out interest rates rather than money supply and that monetary policy should at all times be directed at interest rate rather than money supply and that monetary policy should at all times be subsidiary to fiscal.
Policy the monetarists recommend that control of money supply should be major concern of the monetary authority. The Keynesian view says since inflation is a sign of economic over healing and rise in interest rate will tend to cool it down by checking investment and thence overall demand conversely during the period of recession economic activities could be stimulated by lowering the interest rates.
However, Keynesian argue that monetary policy will be more effective if the authorities aim to control interest rate directly rather than indirectly through the monetary supply.
Therefore, the Keynesian versus monetary debate given the conflicting advice to government on the role and effectiveness of monetary policy. According to Paul Einzigg, monetary policy is the attitude of the political authority toward the monetary system of the communicate under the control.
Declaring this definition tool vague to be of sufficient practical use, the same write defined an idea monetary policy as the effort to reduce to a minimum the disadvantages and increase the advantage resulting from the existence and operation of monetary system.
M.C vaish (1981) gave his own definition of monetary policy this is mean/ the central bank of UK control over the supply and cast of money as an instrument for achieving the objective of economic policy of the government.
CHAPTER TWO: The chapter one of this work has been displayed above. The complete chapter two of "the role of monetary policy and it’s impact on nigeria financial system" is also available. Order full work to download. Chapter two of "the role of monetary policy and it’s impact on nigeria financial system" consists of the literature review. In this chapter all the related work on "the role of monetary policy and it’s impact on nigeria financial system" was reviewed.
CHAPTER THREE: The complete chapter three of "the role of monetary policy and it’s impact on nigeria financial system" is available. Order full work to download. Chapter three of "the role of monetary policy and it’s impact on nigeria financial system" consists of the methodology. In this chapter all the method used in carrying out this work was discussed.
CHAPTER FOUR: The complete chapter four of "the role of monetary policy and it’s impact on nigeria financial system" is available. Order full work to download. Chapter four of "the role of monetary policy and it’s impact on nigeria financial system" consists of all the test conducted during the work and the result gotten after the whole work
CHAPTER FIVE: The complete chapter five of design and construction of a "the role of monetary policy and it’s impact on nigeria financial system" is available. Order full work to download. Chapter five of "the role of monetary policy and it’s impact on nigeria financial system" consist of conclusion, recommendation and references.
To "DOWNLOAD" the complete material on this particular topic above click "HERE"
Do you want our Bank Accounts? please click HERE
To view other related topics click HERE
To "SUMMIT" new topic(s), develop a new topic OR you did not see your topic on our site but want to confirm the availiability of your topic click HERE
Do you want us to research your new topic? if yes, click "HERE"
Do you have any question concerning our post/services? click HERE for answers to your questions
For more information contact us through any of the following means:
Mobile No 
:+2348146561114 or +2347015391124 [Mr. Innocent]
Email address 
:engr4project@gmail.com
Watsapp No 
:+2348146561114
COUNTRIES THAT FOUND OUR SERVICES USEFUL
Australia, Botswana, Canada, Europe, Ghana, Ireland, India, Kenya, Liberia, Malaysia, Namibia, New Zealand, Nigeria, Pakistan, Philippines, Singapore, Sierra Leone, South Africa, Uganda, United States, United Kindom, Zambia, Zimbabwe, etc
Support: +234 8146561114 or +2347015391124
Watsapp No :+2348146561114
Email Address :engr4project@gmail.com
FOLLOW / VISIT US VIA:
