THE RELATIONSHIP BETWEEN MONEY SUPPLY AND LEVEL OF NATIONAL INCOME IN NIGERIA

Thesis Abstract

Abstract
This research project aims to investigate the relationship between money supply and the level of national income in Nigeria. The study is motivated by the importance of understanding the factors that influence the overall economic performance of a country. Money supply plays a crucial role in the economy as it affects various macroeconomic variables such as inflation, interest rates, and national income. The research will utilize both qualitative and quantitative methods to analyze the data collected from various sources such as the Central Bank of Nigeria, World Bank, and academic literature. The study will focus on the period from 2000 to 2020 to capture the recent trends and patterns in the Nigerian economy. The theoretical framework for this research will be based on the Quantity Theory of Money, which posits that changes in the money supply have a direct impact on the price level and national income. The study will also consider other relevant economic theories and models to provide a comprehensive analysis of the relationship between money supply and national income in Nigeria. The research will employ statistical techniques such as regression analysis to examine the causal relationship between money supply and national income. The findings of the study will contribute to the existing body of knowledge on the Nigerian economy and provide valuable insights for policymakers, economists, and researchers. The results of this research project are expected to provide empirical evidence on how changes in money supply influence the level of national income in Nigeria. The findings will help policymakers in formulating effective monetary and fiscal policies to promote economic growth and stability in the country. Overall, this research project will contribute to a better understanding of the dynamics between money supply and national income in Nigeria. By examining the relationship between these two variables, the study aims to shed light on the factors that drive economic performance and inform policy decisions that can enhance the overall welfare of the Nigerian population.