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VOL. 9, ISSUE 3 (2023)
Effect of monetary and fiscal policies on agricultural growth of Nigerian economy
Authors
Ezu Gideon Kasie, Nwobia Charles Emeka
Abstract
The purpose of this study is to examine the effect of monetary and
fiscal policies of the government on the industrial and agricultural growth of
Nigerian economy. Three research questions were raised and three hypotheses
formulated to aid the research work. The research made use of secondary data,
which was obtained from CBN statistical bulletins of various years. Hypotheses
were subjected to statistical test using regression analysis which established
a functional relationship between the independent variables (manufacturing
output, exchange rate and indene of industrial production) and dependent
variable gross domestic product (GDP). The result of the finding showed that exchange
rate has a strong positive impact on the economy. The research recommends amongsts
others the need for a strategic step to be taken by the policy maker in
formulation and implementation of right investment-induced policies and
programmes that would enhance the nation’s potentials of benefiting from the
gains of globalization while solving the problem that may accrued thereof with
the general conclusion that the manufacturing sub-sector could bring about an
wholesome multiplier effects on the economy as the nation and manufacturing
sector could be better positioned to benefit from the gains of globalization if
policies and programmes are properly channeled towards addressing the perennial
problem of our economy.
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Pages:98-103
How to cite this article:
Ezu Gideon Kasie, Nwobia Charles Emeka "Effect of monetary and fiscal policies on agricultural growth of Nigerian economy". International Journal of Commerce and Management Research, Vol 9, Issue 3, 2023, Pages 98-103
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