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
- Introduction 9
- Statement of the Problem 9
- Objective of the Study 10
- Limitations of the Study 10
- Definition of Terms 11
- Scope of the Study 12
- Significance of the Study 12
- Definition of Inflation 13
- Three Strains of Inflation 14
- Imposition of Higher Taxes 15
- Investment in and Development of Agriculture 15
- Effective Control of ways and Prices 15
- Control of Prices of Essential Commodities 16
- Summary of Finding 17
- Conclusion 17
- Recommendation 17
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.