Monetary policy implementation and financial sector developments in Nigeria: the journey so far.

Authors

M. A. Ajayi, Central Bank of Nigeria

Publisher

Research Department, Central Bank of Nigeria.

Keywords

Monetary Policy Committee (MPC), Financial sector development, Deposit Money Banks (DMBs), Banking sector reforms.

Abstract

The paper examined the implementation of monetary policy in recent years following the successes recorded in the banking sector reforms and noted the achievement of most of the objectives of monetary policy. In addition, in terms of financial sector development, Nigeria has achieved greater institutional and regulatory capacity as well as products varieties that have improved development in the financial sector. The quantitative assessment of the financial sector indicates a healthy state of the banking industry.

Author Bio

Mr M. Ajayi is the Acting Director, Monetary Policy Department , Central Bank of Nigeria.

Issue

46

Volume

4

Recommended Citation

Ajayi, M. A. (2008). Monetary policy implementation and financial sector developments in Nigeria: the journey so far. Economic and Financial Review, 46(4), 65-95.