Monetary policy, Financial policies, Budget


This paper is to be attempts to address the the question: can monetary policy cope with the seemingly increasing challenge of stabilization and growth of the Nigerian economy? In order to provide an appropriate background to the central focus of the paper which is to review and appraise the 1997 monetary policy package, an attempt is made in the second section of the paper to analyse the recent financial and economic conditions in the Nigerian economy after which the basis and elements of the monetary programme for 1997 are outlined in section three. Section four contains an articulation of some implementation modalities for the 1997 monetary programme. The final section summarises and concludes the paper.

Author Bio

The author is a Director of Research Department of Central Bank of Nigeria.

Publication Title

CBN Bullion





Included in

Finance Commons



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