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.
Abstract
Over the years, the language of instruction in Nigerian schools has been English. Thus, students’...
ABSTRACT
This study investigated the ‘Impact of Selected Macroeconomic Variables on Non-oil Exports in Nigeria’ for both aggr...
ABSTRACT
The study investigates the impact of small and medium scale industries on the Nigerian economy, spanning from 1986 to 2010. The...
ABSTRACT
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ABSTRACT
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ABSTRACT
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ABSTRACT
As interest in biomass utilization into combustion fuels grows, the torrefaction, becomes ever more important. Torrefaction is a...
Abstract
The major purpose of the study was to determine the accounting skills required by Business Education graduat...
BACKGROUND OF THE STUDY
Quiz buzzers are used often at places like educational institutions where it is required for gam...
Abstract
This study focuses on the impact of recession on economic growth in Nigeria from 1980 to 2017. The Nigerian eco...