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Monday, October 12, 2020 | History

3 edition of Fiscal and monetary policy during structural adjustment in Nigeria found in the catalog.

Fiscal and monetary policy during structural adjustment in Nigeria

Fiscal and monetary policy during structural adjustment in Nigeria

proceedings of a senior national policy workshop

  • 67 Want to read
  • 10 Currently reading

Published by ABBNNY in Uyo, Akwa Ibom State .
Written in English

    Places:
  • Nigeria
    • Subjects:
    • Fiscal policy -- Nigeria -- Congresses.,
    • Monetary policy -- Nigeria -- Congresses.,
    • Structural adjustment (Economic policy) -- Nigeria -- Congresses.

    • Edition Notes

      Includes bibliographical references.

      Statementedited by Akpan H. Ekpo ; sponsored by African Economic Research Consortium (AERC) [and] Central Bank of Nigeria.
      GenreCongresses.
      ContributionsEkpo, Akpan Hogan., African Economic Research Consortium., Central Bank of Nigeria.
      Classifications
      LC ClassificationsHJ1501 .F57 2000
      The Physical Object
      Paginationvii, 184 p. :
      Number of Pages184
      ID Numbers
      Open LibraryOL4015615M
      ISBN 109782722898
      LC Control Number2001385041
      OCLC/WorldCa47092137

      1 Bellow, U. K. "Fiscal Policy Implications of Structural Adjustment Program." A paper presented at the First National Biennial Conference of the Faculty of Business Administration, University of Lagos, Lagos, Nigeria, Oct. , Impact of Structural Adjustment Policy on the Energy Crisis and the Environment: A Gender Comparative Study of Rural and Urban Households Monetary and Fiscal Actions: A Test of Their Relative Importance in Economic Stabilization in Tanzania During the growth period public expenditures increased the size of the public sector. The decline.

      To improve fiscal performance, the government will give high priority to the strengthening of commitment controls and the elimination of domestic payments arrears. C. Monetary Policy. Monetary and credit policies will play a crucial role in reducing the rate of inflation. In Nigeria, the monetary policy is the macroeconomic policy laid down by the Central Bank of Nigeria. Monetary policy involves the management of money, the supply of money and interest rate. It is the demand side economic policy implemented by the government to achieve macroeconomic objectives like growth, consumption, liquidity and inflation.

      The Composition of Fiscal Adjustment and Growth: Lessons from Fiscal Reforms in Eight Economies, by G.A. Mackenzie, David W.H. Orsmond, and Philip R. Gerson. Nigeria: Experience with Structural Adjustment, by Gary Moser, Scott Rogers, and Reinold van Til, .   Monetary Policy vs. Fiscal Policy: An Overview. Monetary policy and fiscal policy refer to the two most widely recognized tools used to influence a nation's economic activity.


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Fiscal and monetary policy during structural adjustment in Nigeria Download PDF EPUB FB2

Structural Adjustment Programme in the Nigerian Economy: Editor: Eghosa Osagie: Contributor: National Institute for Policy and Strategic Studies (Nigeria) Publisher: National Institute for Policy and Strategic Studies, ISBN:Length: pages: Export Citation: BiBTeX EndNote RefMan.

The Impact of Fiscal and Monetary Policy on Nigerian Economic Growth Bodunrin, Olalekan Samuel for the introduction of the structural adjustment programme (SAP), which focused on achieving a virile economic management in 6 Fiscal Policy in Nigeria Fiscal policy is the use of government spending and taxation to influence the.

This paper reviews key aspects of Nigeria’s fiscal and monetary policies with the aim of examining the performance of the policies. The paper provides a synthesis of key facts and draws policy.

Beginning from the era where most of the economic decisions were made by the state, to the era of structural adjustment programme (SAP) in to the present privatization programme which was initiated in the government.

(fiscal and monetary policy) as a mechanism for achieving economic growth in Nigeria is fueled by the recent fall. Under the Structural Adjustment Program (SAP) introduced inNigeria reformed its the period. Meanwhile, during the SAP era Nigeria's net transfers to external creditors absorbed 5 percent of GDP.

Nigeria ultimately secured debt reduction from its commercial bank creditors, A. Monetary Policy. 35 B. Financial Sector Policies.

International Monetary Fund, IMF, yesterday called on the federal government to make additional structural adjustment and tighter monetary policy so as to address macroeconomic imbalances in the.

This paper investigates the impact of fiscal and Monetary Policies on Unemployment Problem in Nigeria and covers the periods to To achieve this, fiscal policy was captured here by.

THE IMPACT OF FISCAL POLICY ON THE NIGERIA ECONOMY. CHAPTER ONE. INTRODUCTION. This investigates the three elements of fiscal policy (1) government spending, taxation and the other source of revenue which finance public spending and the resulting budget deficit or surplus which occurs wherever government expenditure does not exactly equal revenue.

as an effective fiscal policy, and the effect of the structural adjustment loan on government expenditures for public services. The paper argues that structural adjustment loans have detrimentally affected the African people because trade liberalization does not comport with an efficient African economic system.

Structural adjustment programs (SAPs) consist of loans (structural adjustment loans; SALs) provided by the International Monetary Fund (IMF) and the World Bank (WB) to countries that experienced economic crises. The purpose is to adjust the country's economic structure, improve international competitiveness, and restore its balance of payments.

The era of direct controls was a remarkable period in monetary policy management in Nigeria, because it coincided with several structural changes in the economy; including the shift in the economic base from agriculture to petroleum, the execution of the civil war, the oil boom and crash of the s and early s respectively and the.

have been cited as limiting the performance of monetary policy in Nigeria. Main while, severe that is, before Structural Adjustment Programme (SAP) ( to ) and deregulation ( to ).

The result of his findings showed a statistically significant and indirect link between monetary policy and fiscal. II BACKGROUND TO THE STRUCTURAL ADJUSTMENT PROGRAMME IN NIGERIA The collapse of world oil prices and the sharp decline in petroleum output, the latter resulting from a lowering of Nigeria’s OPEC quota in the early s, brought to the forefront the precarious nature of the country’s economic and financial positions.

Rising and ill-directed. Rimmer, D. "Alternatives to Structural Adjustment and the Future of the Nigerian Economy." Paper for Conference on Democratic Transition and Structural Adjustment in Nigeria, Hoover Institution, Stanford, California, AugustWorld Bank.

Adjustment in Africa: Reforms, Results and the Road Ahead. A World Bank Policy Research. In Nigeria, monetary policy has been used since the central bank of Nigeria was saddled with the responsibility of formulating and implementing monetary policy by the (C.B.N act of ) since its establishment inthe central bank of Nigeria has continued to play the traditional role expected for a central bank, which is the as to promote the social welfare (Ajayi, ) this role is.

A timely and incisive look at austerity measures that succeed—and those that don’tFiscal austerity is hugely controversial. Opponents argue that it can trigger downward growth spirals and become self-defeating.

Supporters argue that budget deficits have to be tackled aggressively at all times and at all costs. In this masterful book, three of today’s leading policy experts cut through. The legal backing for monetary policy by the Bank derives from the various statutes of the bank such as the CBN Act of as amended in CBN Decree No.

24 ofCBN Decree Amendments ,No. 3 of ,No. 4 of ,No. 37 of ,No. 38 ofand CBN Act of Section 12 Sub-sections (1) to (5), CBN Act of (Ammended). History of fiscal policies in the Nigeria pre-independence Definition and meaning of fiscal policies Difference between fiscal and monetary policies Tax as a tool of fiscal policy Expenditure in fiscal policy Tax and expenditure in fiscal policy Limitation of fiscal policy.

Therefore, fiscal and monetary policies can unequivocally lead to the growth and development of an economy (Anyanwu, ). Monetary policy since tothe Structural Adjustment Programme (SAP) was adopted in July, against the crash in the international oil market and the resultant deteriorating economic conditions in the country.

The structural adjustment programme (SAP) adopted in July, ushered in a new era of monetary policy implementation with market-friendly techniques in Nigeria, It was designed to achieve fiscal balance and balance of payments viability by altering and restructuring the production and consumption patterns of the economy, eliminating price distortions reducing the heavy dependence on crude.

In Nigeria, monetary policy has been used since central Bank of Nigeria was saddle the responsibility of formulating and implementing monetary policy by Central Bank act of this role has facilitating the emergence of active money market where treasury bills, a financial instrument used for open market operations and raising debt for.increases in monetary policy rate (MPR) to cut down on inflation have a depressing impact on the economy.

The result of this study does not support the assertion that a tight monetary policy coupled with a contractionary fiscal policy will engender natural rate of growth of the Nigerian economy.The Central Bank of Nigeria (CBN) has cut the Monetary Policy Rate (MPR) from per cent to per cent, an indication of a reduction in the cost of funds by basis points.