The Impact of Inflation on the Manufacturing Sector of the Nigerian Economy

ABSTRACT

This study analyses the linkage between inflation rate and manufacturing sector of the Nigerian economy over the period of (1981-2011). The study used data sourced from the Central Bank of Nigeria (CBN). The ordinary least square technique (OLS) was used to specify and examine the relationship between the variables Government expenditure, inflation rate and money supply which are the independent variables and the manufacturing index which is the dependent variable for the first model.

The independent variables for the second model are consumer price index, Nominal interest rate and exchange rate while the dependent variable is the manufacturing index. The explanatory power of the models was given by the R2 of 11.799% for the first model and 62.85% for the second model and was subjected to the t-test and f-test to test the significance of the independent variables.

The second model based on the result, we found out that it was more significant than the first model. The research revealed that inflation has a positive effect on the manufacturing sector in Nigeria. This goes a long way to say that increase in inflation leads to increase in the manufacturing output and that manufacturers should not to be discouraged by the increase in inflation rate, and

depreciating value of Naira.

Click Here to Access Full Copy of This Project/Thesis

Comments

Naughty Nicki Minaj sends fans into a frenzy as she teases a glimpse of her bare breasts under sheer top in VERY racy selfie

She's no stranger to raunchy displays.

What do you know about "Rihanna" and why she is trending on twitter today?

Rihanna is a Barbadian singer, actress, fashion designer, businesswoman, and philanthropist. She is known for her versatile music, which ranges from Caribbean-inspired dancehall to R&B and pop. She has won nine Grammy Awards, 12 Billboard Music Awards, and 22 American Music Awards. Rihanna is also a successful businesswoman. She is the founder of the Fenty Beauty cosmetics line and the Fenty Skin skincare line. She is also the co-owner of the Savage x Fenty lingerie line. Rihanna is trending on Twitter today because she promoted her Fenty Beauty brand during the Super Bowl halftime show. She also posted a photo of herself on Instagram with her baby bump, which has sparked a lot of excitement among her fans. Here are some of the tweets about Rihanna that are trending on Twitter: "Rihanna promoting Fenty Beauty during the Super Bowl halftime show is everything!" "Rihanna's baby bump is so cute!" "Rihanna is an inspiration to us all." "Rihanna is...

PHILOSOPHY AND GOALS OF EDUCATION IN NIGERIA

1. A nation’s policy on education is government’s way of realizing that part of the national goals which can achieve, using education as a tool. No policy on education, however, can be formulated without first identifying the overall philosophy and goals of the nation. 2. The overall philosophy of Nigeria is to: (a) live in unity and harmony as one indivisible, indissoluble, democratic and sovereign nation founded on the principal of freedom, equally and justice; Promote inter-African solidarity and world peace through understanding. 3 The five main national goals of Nigeria, which have been endorsed as the necessary foundation for the National Policy on education, are the building of;- (a) a free and, democratic society; (b) a just egalitarian society; (c) a united, strong and self-reliant nations; (d) a great and dynamic economy; (e) a land full of bright opportunities for all citizens. 4. In Nigeria’s philosophy of Education, we believe that:- education is an instrument for natio...

The Guide

Search This Blog