Macroeconomic Policies and Economic Stability in Nigeria

Abstract

Macroeconomic policies have remained the central issue toward achieving economic stability in both developed and developing nations. The study examines the impact of macroeconomic policies on economic stability in Nigeria. using time series data from CBN, NBS, WDI etc spanning from 1980 to 2024. Using ordinary least square method. The findings show that although macroeconomic policies, money supply, exchange rate, interest rate have the positive and significant impact on inflation rate to stimulate long-term growth, the study hence recommended that the paper suggests a more coordinated policy framework and maintain prudent control over money supply to curb inflation and to also ensures smoother implementation of policies that will promote exchange rate stability. Monetary authorities should continue to use interest rate policy strategically to manage inflation while ensuring that lending rates remain supportive of productive investments and economic growth. Word count (138)

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