Impact of inflation on economic growth in Nigeria Department:Public Administration By: AdeleyeJoshua Project ID: 9644 Rating: (5.0) votes: 1 Price:₦5000 Get the Complete MaterialAbstractThis study examines the impact of inflation on economic growth in Nigeria using Kogi State as the case study. The major objective of this project is to examine the causes of inflation in Nigeria, to evaluate the effects of inflation on Nigeria's economic growth, and to determine possible ways of reducing inflation in Nigeria. The methodology adopted in gathering data was the descriptive method, using both primary and secondary methods. The major instrument used to gather data from primary sources is the questionnaire. From a population of 4,473,500, a sample size of 400 respondents was selected using a simple random sampling technique. Findings revealed, among others, that inflation led to major economic distortions such as a balance of payments deficit and devaluation of the naira. High inflation imposes welfare costs on a nation, hinders efficient allocation of resources and discourages investments and savings; inflation also affects financial development because it makes financial intermediation more costly and the poor are mostly affected. Inflation can lead to unemployment and crime in Nigeria. In view of the findings, it was recommended that there is an urgent need for effective monitoring of the inflation rate to allow for acceleration of economic growth. This is necessary for its positive effects on economic growth. government is also advised to expand its capital budget expenditures on public investment projects and also create a favourable business environment for private investment in Nigeria. It is only in this way that significant economic growth will be achieved and sustained in the economy. ...Preview Download Preview +Other Public Administration project topics and materials you might be interested in»Impact of industrial conflict on the performance of workers in the government parastatal (a case study of Nigeria National Petroleum Corporation (NNPC)»Human resources as a catalyst for economic growth and development in Nigeria (a case study of Abuja municipal area council) »The influence of effective personnel management practice in organization performance»Local government financial autonomy and grass root development in Nigeria (a case study of Afikpo north local government area)»Effects of delayed payment of lecturers salaries and wages on students performance»Manpower training and development as a tool for effective performance in public sector in Nigeria»The impact of poor revenue generation on the development of Local Government Areas»Fuel subsidy removal and the Nigerian economy (a case study of Abakiliki local government area, Ebonyi state) »Enhancing political stability in Nigeria through good governance ( a case study of Abia state)»Niger-Delta crisis and its impact on socio-economic development in Nigeria»Accountability and corruption in local government in Nigeria (Case study of Bonny local government area of Rivers state)»Political instability a major hindrance to effective policy implementation and good governance (a case study of Nigeria 1983 -1999)»Bureaucracy and efficiency (a case study of Enugu state civil service)»The assessment of the roles of local government towards rural development - a case study of Katcha local government area of Niger state»Impact of collective bargaining techniques on industrial relations practice (a case study of two selected firms from NUPENG and NUBIFE)