Central Bank of Nigeria
Monetary Policies, Banking Policies, Nigeria, Third Republic
This paper received and appraised the conduct of monetary and banking policies in Nigeria in the recent past, and charts prognosis of future monetary policy directions, come the Third Republic. As a background information, the paper reviews the conceptual, analytical and institutional framework for the conduct of monetary and banking policies in general, noting the widespread consensus that efficient management of money stock and the related price variables are vital instruments for inducing investment and growth of any economy. An overview of recent monetary and banking policies in Nigeria acknowledged the innovative initiatives taken so far to reform the financial system and monetary management approach in general, but regrets the relative ineffectiveness as reflected by the outcome of intermediate policy targets.
CBN Economic and Financial Review
Odozi, V. A. (1992). Current Monetary and Banking Policies in Nigeria and the Prospects in the Third Republic. CBN Economic and Financial Review. 30(3), 130-156.