Money Market Instruments and Economic Growth in Nigeria

Authors

  • Abolade Francis Akintola
  • Oluwatoyosi Tolulope Olurin

Keywords:

Gross domestic product, Money market, Treasury bills, Certificate of deposit, Commercial paper

Abstract

Effect of money market instruments on economic growth of Nigeria from 1993 to 2022 was investigated in this study. Research design adopted for this study is ex-post-facto. Data were obtained from Central Bank of Nigeria (CBN) Statistical Bulletin to estimate the model. Multiple regression approach was employed to analyse impact of money market instruments on economic growth in Nigeria for the period of the study. From the empirical result obtained, the study conclude that money market enhanced development in Nigeria. It is recommended that CBN create appropriate monetary and fiscal measures which would develop money market for promotion of productive activities and investment thereby improve Nigeria development.

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Published

2023-12-30

How to Cite

Akintola, A. F., & Olurin, O. T. (2023). Money Market Instruments and Economic Growth in Nigeria. Lapai Journal of Economics, 7(2), 33–44. Retrieved from https://ojs.ibbujournals.com.ng/index.php/lje/article/view/1129

Issue

Vol. 7 No. 2: 2023

Section

Articles

License

The journal is primarily used for research and statutory supplement for researchers. No individual, organization or institution that has the exclusive right to reprint, reproduce and distribute without the consent of the journal editorial board