Effect of inflation on nigerian economy
Abstract this study investigates the effect of inflation on consumption pattern on farming household in nigeria the nigerian economy had faced with inflationary trends over the years and the various government policies to deal with it eluded long- term solution needed to bring about increased living standard of the nigerian citizenry. The impact of exchange rate fluctuation on the nigerian economic growth: an empirical investigation rate and rate of inflation have negative impact on economic . 9 major effects of inflation – explained further increase in investment beyond this level will lead to severe inflationary pressures within the economy because .
Nigerian annual inflation rate rose for the fourth consecutive month to 85 percent in march of 2015, touching the highest in 7 months and driven by food prices . Impact of inflation on savings in nigeria economy -inflation is defined as the continuous and sustained rise in general price level of goods and services in. The effect of inflation and interest rate on economic growth of nigeria abstract the gross domestic product growth is a long term rise in the capacity to supply increasingly diverse economic goods o its population.
Survey highlights likely effects of higher inflation rate on economy the respondents were asked whether it would be best for the nigerian economy for interest rates to rise or fall,” it added. The objectives of the study are to: describe the trend of inflation in nigeria over the years under review: to determine the effect of inflation on economic growth and to proffer policy recommendations based on the findings of the study. The study investigates the impact of inflation on the economic growth of nigeria between 1981-2013 the study is geared towards achieving the following. This study investigated the impact of inflation on investment and economic growth in nigeria since nigerian financial sector liberalization is anchored on interest rate and exchange rate deregulation and the inflation targeting monetary policy, therefore exchange rate was incorporated in the study. In simple terms, the word 'inflation' refers to a growth or increase in money supply as one of the important economic concepts, the effects of inflation exert impact both in the economic and social spheres of a nation and on its inhabitantseffects of inflation:inflation affects both the economy of a country and its social conditions, as well as the political and moral lives of its inhabitants.
This research studied an evaluation of the impact of inflation on economic growth of nigeria between 1980-2013 the study was guided by two objectives: to. What degree of effect does inflation and interest rate have on the growth of the nigerian economy ii how sustainable are the correction measures to inflation control in nigeria. The effect of inflation on debtors is positive because debtors can pay their debts with money that is less valuable for example, if you owed $100,000 at 5 percent interest, but inflation suddenly spiked to 20 percent per year, you are effectively watching 15 percent of your debt get paid off each year—and that's totally free to you.
Having considered the types and cause of inflation it then lead to consideration of the effects of inflation in nigeria economy keywords: the effect of inflation on the economy note: instant download service. In any economy, the problem of inflation has always remained an issue due to its effect on economic activities this could partly be that, when the general price level rises, the value of money falls,. One of the causes of inflation in nigeria has been the various government polices to stimulate a past rate of economic growth and development since independence.
Effect of inflation on nigerian economy
Causes, effect and solution to inflation in nigeria: a case study of edo state abstract the study examines the impact of inflation on economic growth of nigeria. The word inflation ring bell in the market economy of the world, and has become a household name in most african countries today nigeria inclusive inflation is a monster that threatens any economy although some author argues that it moderate is required for sustainable economic growth however it is noted that inflation is inimical to economic . To determine the impact of inflation on nigerian economic growth to identify how money supply affects nigerian economy to recommend to the monetary authorities and the government on how inflation should be reduced an acceptable level.
Preponderance of evidence that the nigerian economy is challenged on all fronts by the daily geometric increase in her unemployment figures, hence this study is undertaken to examine the impact of unemployment and inflation on the nigerian. Having a view on the impact of inflation on nigeria economy and realizing that the problems caused by the impacts of inflationary growth is becoming unbearable to the citizens and the entire economy, of becomes necessary to critically analyzed the impact of inflation on nigerian economic growth (1980-2006).
This study is a contribution to the existing literature on real growth applied tonigeria ‘s economy it will examine the effect of interest rate, inflation, and real gdp on the real growth rate of nigeria ‘s economic. Abstractcurrently, economists seem to agree that high rates of inflation cause â€œproblems,â€ not just for some individuals, but for aggregate economic performance. Impact of inflation on government spending in nigerian economy, largest undergraduate projects repository, research works and materials download undergraduate projects topics and materials accounting, economics, education. The effect of inflation on the nigerian economy several definitions of inflation are in existence inflation is a situation in which there is price level or in which there would be such a persistent upward movement but for the presence of direct control over prices.