ECONOMIC GROWTH IN NIGERIA

Stabilization Policy measures and Economic growth in Nigeria: 2000-2011

Abstract

This research proposal aims at Stabilization Policy measures and Economic growth in Nigeria. In this proposal it discusses significance of the Study, hypotheses of the study, conceptual framework, some Literature Review, how to gather data, and, how to analyze data and to test hypotheses.

Introduction

The Nigerian economy has been experiencing over the years the problems of unemployment, price level instability, lack of sustainable economic growth, and balance of payment disequilibrium, inability to mobilize domestic saving and unsatisfactory expansion of domestic output. This resulted into the introduction of instruments of monetary policy to regulate the value, supply and cost of money in an economy in consonance with the level of activity in order to avoid excess or insufficient supply of money in the economy.

The researcher is aiming at finding how far monetary policy measures have gone in stabilizing the economy of this nation, and those things that hinders its success. In view of this, descriptive research method will be used in collection of data, that is collecting and analyzing information on monetary policy measures from central bank of Nigeria annual report and statement of accounts, and other secondary sources.

However, this research work would have some limitations in terms of finance and time, but the researcher is hoping that at the end of this study, people will be educated on the importance of fiscal and monetary policy measures as instrument of economic stabilization in Nigeria

Significance of the Study

This research provides an insight into monetary and fiscal policy measures as instruments of economic stabilization. It will therefore be of invaluable use to the following people.

To students, it will provide a complement to the few existing tests on money policy and economic stabilization.

To policy makers, this study will be of immense value because it:

Highlights the mechanism for the operation of monetary policy against achieving set goals and objectives.

Examines the areas of conflict between monetary and fiscal policies.

Analyses the problems facing the full implementation of monetary policy measures.

Suggestive solutions to such identified problems, as such policy makers will find its recommendations invaluable in formulating new and ideal measures for the achievement of economic stability.

Bankers will also find this work as useful tool in analyzing the effects of government actions on their activities and whether these actions are on the whole favourable in investors, this work will serve as a guide on the effects of monetary policy on various sector of the economy, in which their funds can be invested, and, the ordinary reader will find this work as an eye opener and a valuable store of knowledge.

Hypotheses

Hypotheses are research solutions to problems, which are in essence, are subjected to some verification or test. By the above ascertain the researcher therefore believe it necessary to establish the following hypothesis, that:

H1: Monetary and Fiscal Policies have limited Success in Nigeria

H2: It has long been evident that personal income tax in Nigeria has remained the most disappointing, unsatisfactory and most troubling among all the taxes in the ...