AN ANALYSIS ON THE EFFECTS OF MONEY SUPPLY ON EMPLOYMENT IN NIGERIA ECONOMY. A RESEARCH PROJECT MATERIAL ON BANKING AND FINANCE

AN ANALYSIS ON THE EFFECTS OF MONEY SUPPLY ON EMPLOYMENT IN NIGERIA ECONOMY. A RESEARCH PROJECT MATERIAL ON BANKING AND FINANCE

ABSTRACT

From monetary theories, money supply plays simulative roles in an economy.  It stimulates employment thereby ameliorating the problems of unemployment, inflation.  It was this knowledge that informed the researcher to under take an investigative study into the effect of money supply on employment in Nigeria Economy.

A thorough literature review was done on the subject matter, especially, as it pertains to Nigeria.  The review showed that money supply has consistently been on the increase but employment has not been rising proportionately with it resulting in persisted inflation and unemployment.

Also, an overview of employment situation in Nigeria was taken and the picture, as in the literature review emerged.  Following from this it became necessary to trace the factors inhibiting employment in Nigerian economic system.  Among the factors identified were poor investment climates, infrastructural problems, poor volume of money in circulation etc.

In respect of our view of related literature and findings as regards the subject matter of this study, hence the following results were obtained.

There is an adverse relationship between money supply and level of unemployment.  It was found that increasing money supply reduces unemployment, but however less proportionately.

CHAPTER ONE

INTRODUCTION

1.1    STATEMENT OF THE PROBLEM

A study of this sort is necessary owing to certain serious problem confronting the economy of Nigeria.  It has been evident that since the Nigerian Civil War ended in the year 1970.  The problem of money supply and its effect on the area of unemployment have been an economic problem that is disturbing the economic growth and Development of the country.

This problem has been of great concern to every Nigerian and the government of the country.  Unemployment is generally an economic, social and political problem which causes economic waste.  Lowers the National Income (GDP and GNP) causes human suffering and reduces the level of development.  As a result of this, many jobless able bodied young men and women roam the streets daily perpetrating social ills such as armed robbery and prostitution.

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AN ANALYSIS ON THE EFFECTS OF MONEY SUPPLY ON EMPLOYMENT IN NIGERIA ECONOMY. A RESEARCH PROJECT MATERIAL ON BANKING AND FINANCE