Inflation in Nigeria Linked to Economic Growth, Monetary Policies Ineffective.
The study looked at how inflation and economic growth are related in Nigeria from 1980 to 2013. They used data from the Central Bank of Nigeria and the National Bureau of Statistics. By analyzing the data, they found that as the GDP goes up, so does inflation, but the relationship was not significant. This means that efforts to control inflation in Nigeria have not been very effective. To have stable economic growth, inflation levels need to be controlled by the government.