Inflation management and the usage of monetary policy instruments in nigeria (1975-2014)

Lucky E. Ujuju and Bruno Omolegie Oshiobugie

This paper empirically analyze the role of monetary policy instruments in the management of inflation in Nigeria between 1975--2014 periods. It applied multiple regression analyses technique in explaining the relationship of monetary variables and the dependent variable of inflation. The hypothesis was analyzed and the null was accepted based on the regression result. It was recommended that Nigeria shift from its import driven economy to production based and export economy for the impacts of these policies to come to realization.

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