Select Currency
Translate this page

THE IMPACT OF FISCAL POLICY ON THE NIGERIA ECONOMY

Format: MS WORD  |  Chapter: 1-5  |  Pages: 69  |  1306 Users found this project useful  |  Price NGN5,000

  DOWNLOAD THE FULL PROJECT

THE IMPACT OF FISCAL POLICY ON THE NIGERIA ECONOMY

 

CHAPTER ONE

INTRODUCTION

1.1   BACKGROUND OF THE STUDY

The Central bank of Nigeria (CBN) started with effect from 2002 fiscal year, adopt a medium-term perspective monetary policy framework. Unlike earlier program which were designed for one year, the new programmes are for a two year period beginning January 2002 to December 2003. the shift is in recognition of the fact that monetary policy actions affect the ultimate objectives of policy with a substantial lag. Thus, the current shift will free monetary policy implementation from the problem of time inconsistency and minimize over reaction due to temporary shock..

This circular outlines the monetary, credit, foreign trade and exchange policy guideline applicable to bank and others financial institution in Nigeria in 2002/2003. in particular, monetary and credit policy will be implemented within the framework of the medium-term programme. The guidelines will be subjected to fine turning in the light of development in monetary and financial market conditions, as well as the performance of the economy, which could be conveyed to the relevant institutions in supplementary circulars as necessary. The circular contains four major sections and four appendices following the in production, which is section 1, section 2 review the development in the economy and policy environment in 201 and thus 2002/2003. section 3 outlines the monetary and credit policy financial institutions in fiscal 2002, while the foreign trade and exchange policy measures are highlighted in section 4. the appendices contain prudential guidelines for licensed banks and reporting format.

REVIEW OF MEACRFO ECONOMIC AND POLICY ENVIRONMENT IN 2001 Macro economic developments major economic inclies indicated mixed macro economic performance in 2001 the environment for the continued expansionary fiscal operations of the three tiers of government, as a result of the magnetization  of the excess crude oil, receipt and proceeds from the GSM license later in the year, as well as monetary financial of fiscal deficit. This resulted in large injections of liquidity into the economy, which undirected rapid monetary growth and intensified inflationary pressure interest rates were influenced by the state of bank liquidity as well as policy actions aimed at addressing the problems of liquidity over having. The average naira exchange rate at the fiscal market however remained relatively stable for most of the period, while relative implement was observed in agricultural and industrial production. The outcome of external sector development remains favorable up to the third quarter of the year. The fourth quarter, however witnessed a slide in the report price of crude petroleum with negative implications for export earning and government revenue.

Growth in real gross domestic product (GDP) was estimated at 3.8 percent during the first half of 2001 compared with the 5.0 percent targeted in 2001. the growth in output reflected the inv=crease in both agricultural and industrial production. Aggregate manufacturing capacity utilization rose marginal by 0.3 percent point over its level in the first half of 2000 the preceding half year. The upward pressure in inflation trend observed since July 2000 continued in the fourth quarter of 2001, with the inflation rate at 18.9 percent in November, compared with 5.8 percent in the corresponding period of 2002.the provisional balance of payment for the first half of 2001 indicated on overall surplus of #51.1 billion(us$458.9 million) compared with #78.3 billion (us $782.5 million) in the corresponding period of 2000. this development reflected the surplus in the current account, which more than offset the deficit in the capital and the financial account the current account position was bayed mainly by enhanced earning from crude oil exports, occasional by high prices of crude earnings from crude oil in the international petroleum market. The value on non oil exports however fell sharply from #14.8  billion in 2000 to #9.3 billion in June 2001. Gross external reserve increased from US $9.9 billion (#1.032.5) at end of December 2000 to US$10.6 billion (#167.8 billion) in 

  DOWNLOAD THE FULL PROJECT

THE IMPACT OF FISCAL POLICY ON THE NIGERIA ECONOMY

Not The Topic You Are Looking For?



For Quick Help Chat with Us Now!

+234 813 292 6373

+233 55 397 8005


HOW TO GET THE COMPLETE PROJECT ON THE IMPACT OF FISCAL POLICY ON THE NIGERIA ECONOMY INSTANTLY

  • Click on the Download Button above.
  • Select any option to get the complete project immediately.
  • Chat with Our Instant Help Desk on +234 813 292 6373 for further assistance.
  • All projects on our website are well researched by professionals with high level of professionalism.

Here's what our amazing customers are saying

Oluchi From Michael Opara University
If you are a student and you have not used iprojectmaster materials, you are missing big time! iprojectmaster is the BEST
Excellent
Stancy M
Abia State University, Uturu
I did not see my project topic on your website so I decided to call your customer care number, the attention I got was epic! I got help from the beginning to the end of my project in just 3 days, they even taught me how to defend my project and I got a 'B' at the end. Thank you so much iprojectmaster, infact, I owe my graduating well today to you guys...
Excellent
Dau Mohammed Kabiru
Kaduna State College of Education Gidan Waya
This is my first time..Your service is superb. But because I was pressed for time, I became jittery when I did not receive feedbackd. I will do more business with you and I will recommend you to my friends. Thank you.
Very Good
Musa From Ahmadu Bello University
Thank you iprojectmaster for saving my life, please keep it up and may God continue to bless you people.
Excellent
JONNAH EHIS
Ajayi Crowther University, Oyo
I was scared at first when I saw your website but I decided to risk my last 3k and surprisingly I got my complete project in my email box instantly. This is so nice!!!
Excellent
Abubakar Iliyasu Hashim
Federal college of education pankshin affiliated to university of jos
I am highly impressed with your unquantifiable efforts for the leaners, more grace to your elbow.I will inform my colleagues about your website.
Very Good
MATTHEW NGBEDE
Ahmadu Bello University
I wish I knew you guys when I wrote my first degree project, it took so much time and effort then. Now, with just a click of a button, I got my complete project in less than 15 minutes. You guys are too amazing!
Excellent
Peace From Unilag
I cried not knowing how to go about my project but the day i searched online and saw iprojectmaster, i called and got my full project in less than 15minutes, i was shocked!
Excellent
Ibrahim Muhammad Muhammad
Usmanu danfodiyo university, sokoto
It's a site that give researcher student's to gain access work,easier,affordable and understandable. I appreciate the iproject master teams for making my project work fast and available .I will surely,recommend this site to my friends.thanks a lot..!
Excellent
Abraham Ogbanje
NATIONAL OPEN UNIVERSITY OF NIGERIA
At first I was afraid.. But I discovered they are legit. I will bring more patronize
Very Good

FREQUENTLY ASKED QUESTIONS

How do I get this complete project on THE IMPACT OF FISCAL POLICY ON THE NIGERIA ECONOMY?

Simply click on the Download button above and follow the procedure stated.

I have a fresh topic that is not on your website. How do I go about it?

How fast can I get this complete project on THE IMPACT OF FISCAL POLICY ON THE NIGERIA ECONOMY?

Within 15 minutes if you want this exact project topic without adjustment

Is it a complete research project or just materials?

It is a Complete Research Project i.e Chapters 1-5, Abstract, Table of Contents, Full References, Questionnaires / Secondary Data

What if I want to change the case study for THE IMPACT OF FISCAL POLICY ON THE NIGERIA ECONOMY, What do i do?

Chat with Our Instant Help Desk Now: +234 813 292 6373 and you will be responded to immediately

How will I get my complete project?

Your Complete Project Material will be sent to your Email Address in Ms Word document format

Can I get my Complete Project through WhatsApp?

Yes! We can send your Complete Research Project to your WhatsApp Number

What if my Project Supervisor made some changes to a topic i picked from your website?

Call Our Instant Help Desk Now: +234 813 292 6373 and you will be responded to immediately

Do you assist students with Assignment and Project Proposal?

Yes! Call Our Instant Help Desk Now: +234 813 292 6373 and you will be responded to immediately

What if i do not have any project topic idea at all?

Smiles! We've Got You Covered. Chat with us on WhatsApp Now to Get Instant Help: +234 813 292 6373

How can i trust this site?

We are well aware of fraudulent activities that have been happening on the internet. It is regrettable, but hopefully declining. However, we wish to reinstate to our esteemed clients that we are genuine and duly registered with the Corporate Affairs Commission as "PRIMEDGE TECHNOLOGY". This site runs on Secure Sockets Layer (SSL), therefore all transactions on this site are HIGHLY secure and safe!