THE EFFECT OF INFLATION AND INTEREST RATE ON ECONOMIC GROWTH OF NIGERIA

ABSTRACT

The gross Domestic product Growth is a long term rise in the capacity to supply increasingly diverse economic goods o its population. This growing capacity is said to base on advancing technology.

It is only through an effective economic system that human and material resources of the nation could be mobilized   between the government and the governed. The concept of economy development of Nigeria with its objectives is aimed at standard and mobilization or mobilizing the functions and financial resource is to encourage initiative and leadership potential.

There is still need for government to creative conducive social and political environment to attract foreign investors in various aspects of the Nigeria economy. To this end of the democratization process will be in progress to encourage the earnest pursue.

The research major objective is to identify how inflation and interest rate has affected economic growth in Nigeria and suggesting recommending ways of improving Nigeria economy. This problems on GDP was critically examine.

In handling the research, secondary and primary data where source with the use of questionnaire and oral interview, while secondary data sources are test books.

The analysis of data was based on percentages. It is on the strength of the finding that recommendation and conclusion was made.

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