final year project topics and materials

ABSTRACT
The study evaluates the impact of monetary policy instruments in achieving monetary
policy targets in Nigeria. The study used correlation co-efficient to evaluate monetary
policy transmission mechanisms on monetary policy targets such interest rate, inflation
rate and exchange rate. The findings of the study show that monetary policy tools have
not been effective in achieving monetary policy targets. The researcher attributes this to
frequent changes in monetary policy and the level of uncertainty of the Nigerian economy
as shown in the review of monetary policies in Nigeria. Based on the findings, the study,
recommends for ensuring stable macroeconomic environment, promotion of healthy and
competitive financial system, the need to bolster the technical competence of CBN among
others.