IMPACT OF MONETARY POLICY ON PRIVATE DOMESTIC INVESTMENT IN NIGERIA (1990-2022).
Abstract
This study is on the impact of monetary policy on private domestic investment in Nigeria. The main objective
of the study is to examine the impact of monetary policy on private domestic investment in Nigerian
economy. The study made use of descriptive statistics and ordinary least square estimation technique in
analyzing the data obtained from the central bank of Nigeria statistical bulletin for a period of 32 years
starting from 1990 to 2022.
The result of the regression analysis in model one reveals that monetary policy has not statistically
significant impacted on economic growth in Nigeria, and this can be attributed to inefficiency in our
financial sector in the last 2 and 3 decades. While model two was able to demonstrate that Money supply
was statistically significant in impacting the level of private domestic investment in Nigeria
The study therefore recommends that monetary authority to fine tune the monetary instruments in order to
attract private investment, which will bring about an increase in economic activity, hence economic growth.
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