AN ANALYSIS ON THE EFFECTS OF MONEY SUPPLY ON EMPLOYMENT IN NIGERIA ECONOMY

Abstract

From monetary theories, money supply plays stimulative roles in an economy.  It stimulates employment thereby ameliorating the problems of unemployment, inflation.  It was this knowledge that informed the researcher to undertake an investigative study into the effect of money supply on employment in Nigeria Economy. A thorough literature review was done on the subject matter, especially, as it pertains to Nigeria.  The review showed that money supply has consistently been on the increase but employment has not been rising proportionately with it resulting in persisted inflation and unemployment. Also, an overview of employment situation in Nigeria was taken and the picture, as in the literature review emerged.  Following from this it became necessary to trace the factors inhibiting employment in Nigerian economic system.  Among the factors identified were poor investment climates, infrastructural problems, poor volume of money in circulation etc. In respect of our view of related literature and findings as regards the subject matter of this study, hence the following results were obtained.