TABLE OF CONTENTS
Title page
Abstract
Table of contents
CHAPTER ONE:
1.0 Introduction
1.1 Background of the study
1.2 Statement of problem
1.3 Purpose / objective of the study
1.4 Research Questions
1.5 Significance of the study
1.6 Scope of the study
1.7 Limitations of the study
1.8 Definition of operational terms
CHAPTER TWO:
2.0 Review of Related Literature
2.1 Preamble / Introduction
2.2 Definition of monetary policy
2.3 Monetary and fiscal policies differentiated
2.4 Objectives of monetary policy
2.5 Objectives of fiscal policy
2.6 Tools / instrument of monetary policy
2.7 Theoretical framework tool / instrument of fiscal policy
2.8 Monetary and Fiscal policies in the Nigeria Economy
2.9 Monetary and Fiscal policies as efficient tools of Economic Development
CHAPTER THREE:
3.0 Research Methodology
3.1 Research Design
3.2 Area of the study
3.3 Population of the study
3.4 Sample and sampling techniques
3.5 Instrument for data collection
3.6 Description of instruments used
3.7 Validation and Reliability of Instrument
3.8 Distribution and Retrieval of the instrument
3.9 Method of data Analysis
CHAPTER FOUR:
4.0 Data presentation and Analysis
CHAPTER FIVE:
5.0 SUMMARY, CONCLUSION AND RECOMMENDATION
5.1 Summary of the Findings
5.2 Conclusion
5.3 Recommendation
References
Questionnaires
CHAPTER ONE
1.0 INTRODUCTION
1.1 BACKGROUND OF THE STUDY:
The need for the monetary and fiscal policies had always existed, though not really recognized in the banking system and in the economy at large. The increase rate of money circulation in the economy, due to the rapid growth of commerce and industry has made the monetary authori3es (central Bank of Nigeria) increasingly Interested in making an effort to have money supply and credit conditions controlled, so as to maintain a relative economic stability. And so, the central bank of Nigeria was empowered to carryout the monetary formulation and execution in consultation with the federal ministry of finance.
Also, the need to generate revenue for the increase of investment and the pattern of expenditure for the purpose of influencing economic activities glares for the formulation of fiscal policy. The economy has also witnessed a lot of economic depression, especially the great depression of 1930. as they continued having an unbalanced budget or the budget adding to the cyclical fluctuations, there was the need for these economic ills to be corrected and the fiscal policy succeeded in correcting these ills of the economy. The fact was further influenced by the emergence of growth and stability concept. In other words, if any economy remains in equilibrium with resources only partially employed, something must be done to unemployment.
Therefore, to increase this level, employment could be done in two ways: it could be either directly tackling the problem by employing more workers or directly tackling it by offering inducement to produce or to increase instrument. Indeed, the monetary and fiscal policies direct the total repentance on the economy. Their effectiveness as stabilization or efficient tools remains an unsettled issue among economists. They have been the efficient tools of economic stability.
According to John Orji in his book titled “Element of banking” he listed measures to be applied in using fiscal policy to solve economic problems or make the economy stable as thus:
1. Fiscal policy and Recession: When aggregate demand for goods and services, the level of employment and prices are generally low, the economy is said to be faced with recession.
