The Effect Of Inflation On The Growth Of Nigeria’s Economy.

ABSTRACT The main objective of the study is on the macroeconomic effect of inflation on the growth of Nigerian economy. The study however investigates the economic growth vis-à-vis inflation, Broad Money Supply and Interest Rate. Ordinary Least Square [OLS] is used to estimate the three major macroeconomic variables with a view to justifying their effects on economic growth. The results of the findings further suggest that there is significant relationship between inflation and economic growth in Nigeria. The study therefore suggests among others that exchange rate policy should be designed …