THE CONTROL OF INFLATION USING CENTRAL BANK OF NIGERIA (CBN) MONETARY POLICY

THE CONTROL OF INFLATION USING CENTRAL BANK OF NIGERIA (CBN) MONETARY POLICY

ABSTRACT

Through the instrument used in monetary policy help us by the control of inflation in an economy. This is to know the control of inflation using central bank of Nigeria monetary policy.

Hence, this research work was focused on the investigation of the control of inflation by using central bank of Nigeria monetary policy. In carrying out this study, various research instruments such as questionnaires and oral interviews were used to collect data from respondents.

The research design and methodology secondary data was collected from central bank of Nigeria bullion. Location of data and this was stated in chapter three (3) of the research work from the data collected and stated it was found out that of the control of inflation using CBN monetary policy.

The government should establish firms in the economy to reduce the rate of inflation and opening market operation. Recommendations were made in chapter five shows that in order to prevent through currency devaluation, Nigerians should use in manufacturing capacity labour and skill to take advantage of export opportunity that are created in international market.

The introduction of the structural adjustment programme (SAP), in Nigeria had with it seen the need for efficient and effective management of a firm’s scarce resource, and for this to be effective.

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