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Bullion

Keywords

Monetary policy, Financial system stability, Nigeria, Budget

Abstract

The paper attempts to review the monetary and financial sector policies of CBN during the 2000 fiscal year. It also discussed the issues and problems of implementation of the policies. The paper observes that the Nigerian economy witnessed some anxious moments during the 1999 fiscal year. Severe Pressures built-up in the economy mainly because of the expansionary fiscal policy of the Federal Government during the first five months of the year. lf price of oil in the international market continue to rise above budget expectations and expenditure does not rise in tandem, finance is likely to constrain achievement of most of the objectives of the budget. However, there is need to strengthen administrative capacity so that get policies can be monitored Real sector policy measure should also be faithfully implemented to remove the bottlenecks in the production system and to provide the enabling environment to ensure adequate supply response to policy measures.

Author Bio

The Author is a staff of the Director of the Research Department, Central Bank of Nigeria

Publication Title

CBN Bullion

Issue

2

Volume

24

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