ROLE OF CENTRAL BANK OF NIGERIA IN THE REGULATION OF NIGERIA ECONOMY THROUGH MONETARY POLICY

The study was done to ascertain the role which central bank of Nigeria played in the regulation of Nigeria economy through monetary policy. Among the goals of economic stabilization the most important is to achieve full employment, price stability, balance of payments and exchange rate stability, hence monetary policy through central bank of Nigeria. To solve the research problem, primary and secondary data were collected. The research instruments used in collection the data were questionnaires and oral interview. The respondents comprised of the top business executives both private and public servants. In organizing and presenting data collected, tables and percentages were used questionnaires. Data analysis and interpretation gave the following findings: 1. Most respondents were of the opinion that corruption and political instability hinders economic growth of Nigeria. 2. Respondents showed that central bank is not doing enough in the regulation of Nigeria economy. 3. 76 respondents maintained that the economy of the country is in a state of near collapse.