ABSTRACT
This study seeks to find out how economic stability can be maintained in Nigeria through the adoption of monetary and fiscal policy using Access Bank Plc, Ikot Ekpene as a case study. The study adopted the survey research method, while convenience sampling technique was used to draw a sample size of fifty (50) respondents used in the study. Instrument for the study was a self developed questionnaire and forms were personally administered. The descriptive statistics involving the use of simple percentage and frequency tables was used to analyze data. The findings from the study shows that monetary and fiscal policy has a great impact on the economy by regulating and controlling the availability, volume, cost, quantity and supply of money and credit to achieve a specified economic objectives and maintain a stable price level. The study recommends that staff should be educated more on the benefits of monetary and fiscal policy and government ministry banks and investors should adopt monetary and fiscal policy in all its operations if they want to maintain an inflation free economy and a stable price level. In conclusion therefore, the study shows that economic growth in Nigeria is through the adoption of monetary and fiscal policy.
TABLE OF CONTENTS
PAGES
Title Page
Approval Page – – – – – – – – ii
Certification – – – – – – – – iii
Dedication – – – – – – – – iv
Acknowledgements – – – – – – – v
Abstract – – – – – – – – – vi
List of Tables – – – – – – – – vii
Table of Contents – – – – – – – viii
CHAPTER ONE
INTRODUCTION
- Background of the Study – – – – – – 1-3
- Statement of the Problem – – – – – 3-5
- Objectives of the Study – – – – – – 6
- Research Questions – – – – – – 6
- Significance of the Study – – – – – 6-7
- Scope of the Study – – – – – – 7-8
- Limitations of the Study – – – – – – 8
- Organization of the Study – – – – – 8-9
- Definition of Terms – – – – – – 9-11
PAGES
CHAPTER TWO
REVIEW OF RELATED LITERATURE
2.1 Concept of Fiscal and Monetary Policy – – – 12-16
2.2 Instruments of Fiscal and Monetary Policy – – 16-21
2.3 Economic Growth and Overview – – – – 21-22
2.4 Effect of Fiscal Policy on Economic Growth – – 22-26
2.5 Effect of Monetary Policy on Economic Growth – 26-28
2.6 Challenges of Implementing Fiscal and Monetary Policy
on Economic Growth – – – – – – 28-31
2.7 Strategies of Implementing Fiscal and Monetary Policy
on Economic Growth – – – – – – 31-33
CHAPTER THREE
RESEARCH DESIGN AND METHODOLOGY
3.1 Research Design – – – – – – 34-35
3.2 Population of the Study – – – – – 35
3.3 Sample and Sampling Technique – – – – 35
3.4 Instrumentation – – – – – – – 36
3.5 Method of Data Analysis – – – – – 37
3.6 Problems of Data Collection – – – – – 37
PAGES
CHAPTER FOUR
DATA PRESENTATION, ANALYSIS AND INTERPRETATION
- Analysis of Research Questions – – – – 38
- Research Question One – – – – – 38-39
- Research Question Two – – – – – 40-41
- Research Question Three – – – – – 41-42
- Research Question Four – – – – – 42-44
- Discussion of Findings – – – – – – 44-45
CHAPTER FIVE:
SUMMARY OF FINDINGS, CONCLUSION AND
RECOMMENDATIONS
5.1 Summary of Findings – – – – – – 46-47
5.2 Conclusion – – – – – – – – 47
5.3 Recommendations – – – – – – 47-48 References
Appendix
CHAPTER ONE
INTRODUCTION
1.1 Background of the Study
Fiscal policy is the means by which a government adjusts its level of spending to monitor and influence a nation’s economy. it is used along with monetary policy which the central bank uses to influence money supply in a nation. These two policies are used to achieve mcro economic goals in a nation. These goals include price stability, full employment, reduction of poverty levels, high and sustainable economic growth, favourable balance of payment and reduction in a nation’s dept.
Nigeria’s potential for growth and poverty reduction is yet to be realized. A key constraint has been the recent conduct of macro economics, particularly fiscal and monetary policies.