The Effect Of Inflation And Interest Rate On Agricultural Productivity In Nigeria From 2000-2015

CHAPTER ONE INTRODUCTION 1.1      Background of the study Inflation has been apparent in Nigeria from the outset of her national life as it was propelled in the 1960s through the “cheap money policy” adopted by the government to stimulate development after independence (Bayo, 2005). Nigeria has experienced all manners of inflationary episodes, from creeping to moderate and from high to galloping (Olubusoye and Oyaromade, 2008). Inflationary pressure in Nigeria was largely contained in 2010 and 2011, though the rate remained above the national and the West African Monetary Zone (WAMZ) single-di…