Economic and Financial Review


Central Bank of Nigeria


Monetary Policy, Banking Policy, Banking, Central Bank of Nigeria


Monetary and banking policies are usually the responsibilities of the Monetary Authorities which comprise the Central Bank and the Central Government. In Nigeria, while the Central Bank exercises primary responsibilities for initiating, articulating, implementing and appraising such policies, the Bank's proposals are subject to the approval of the Federal Government. To facilitate the understanding of the conduct of monetary and banking policies by the CBN, it is necessary to articulate the theoretical framework of monetary policy, the CBN-monetary management techniques, as well as the policy measures adopted since 1986 to reform and strengthen -the banking system.

Author Bio

Mr V. A Odozi is Deputy Governor (Monetary and Banking Policy), Central Bank of Nigeria.

Publication Title

CBN Economic and Financial Review





Recommended Citation

Odozi, V. A. (1995). The Conduct of Monetary and Banking Policies by the Central Bank of Nigeria. CBN Economic and Financial Review. 33(1), 1-12.



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