Effects of Fiscal and Monetary Policies on the Nigerian Manufacturering Sector
Ezike Ifeoma Betty,
Ikenna Franklin Chijioke and
Angela Ifeanyi Ukemenam
Journal of Finance and Investment Analysis, 2017, vol. 6, issue 1, 1
This paper investigates the effect of monetary policies on the NigerianÂ manufacturing sector. The paper used anecdotal evidence to x-ray the suits ofÂ monetary policies initiated in order to promote a vibrant manufacturing sector inÂ Nigeria. The evidence suggests that manufacturers in Nigeria are not maximizingÂ the benefits of these policies. The paper therefore, identified opportunities theÂ current Central Bank of Nigeria exchange rate policy provided for manufacturers,Â in terms of skill and technology transfer, patent rights and the domestication ofÂ foreign technology. The paper also charged the government to decentralize powerÂ generation. That is, legally empowering manufacturers to generate their electricityÂ through micro-grids.JEL classification numbers: E2, E3, H3, H4Keywords: Monetary Policy, Fiscal Policy, Foreign Exchange Rate,Â Manufacturers.
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