Inflation In Nigeria Causes, Consequence And Control

ABSTRACT: This work is about inflation in Nigeria, the causes, consequences and how it can be controlled. For inflation to be effectively controlled and for the economy to be conducive for foreign  investors, and hands must be on seek including the governments, manufactures, e.t.c. The book is organized around the main causes of inflation in Nigeria, ie, casual factors of the Nigeria inflation and the related theories, which can also lead to inflation. The first chapter looks at the introduction the statement of the problem the objective the limitation the term the scope and the significance of the study.The second chapter looks at the definition of inflation the three strain of inflation the imposition of higher taxes, development of agriculture, effective control of ways and prices, the control of prices of essential commodities.Chapter three focus on Summary of Findings the Conclusion, the Recommendation and Bibliography.

TABLE OF CONTENTS

CHAPTER ONE

1. Introduction                                                                                      9
2. Statement of the Problem                                                                           9
3. Objective of the Study                                                                      10
4. Limitations of the Study                                                                             10
5. Definition of Terms                                                                           11
6. Scope of the Study                                                                                     12
7. Significance of the Study                                                                            12

CHAPTER TWO

1. Definition of Inflation                                                                       13
2. Three Strains of Inflation                                                                           14
3. Imposition of Higher Taxes                                                              15
4. Investment in and Development of Agriculture                                15
5. Effective Control of ways and Prices                                                          15
6. Control of Prices of Essential Commodities                                               16

CHAPTER THREE

1. Summary of Finding                                                                         17
2. Conclusion                                                                                        17
3. Recommendation                                                                              17

Bibliography                                                                                     19

CHAPTER ONE

1.1     INTRODUCTION

          INFLATION

Considering the high rate at which  prices of goods and services increase in our society today I was moved to pick interest in finding out the causes the consequences, and if possible what should be done to control this social malady called inflation in Nigeria, there are certain ambiguity about the term inflation this because the work indeed has many usages in economic language as there are economists.

In ordinary speech, inflation is taken to mean a period of high price. But high price do not necessarily indicate the existence of inflation. This is because equilibrium of supply  and demand for goods and services can be established at any level of prices and once equilibrium has been achieved inflation  disappears.