Influence of infrastructure development on central banks’ money supply in Nigeria.

Abstract

This research work evaluates the influence of Infrastructure Development indicators on money supply.  The Problem of the study presides on the difficult of Central Bank of Nigeria to achieve the goal of monetary policy without adequate infrastructure system in Nigeria. This work was anchored on The Keynesian theory which believes that increase in government spending should promote economic growth and development. Being an ex-post facto research, data were obtained through secondary sources. The annual data were sourced and collected for the period of 1988-2022 from the CBN Statistical Bulletin (2023), International Financial Statistics, International Monetary Fund (IMF) database and World Bank database. The data were analysed using E-views version 8 and SPSS version. The findings revealed that Infrastructure development indicators had significant effect on Money Supply in Nigeria. The government through the Central Bank of Nigeria and the Ministry of Finance should promote sound monetary and fiscal policies management that will stabilize money supply in Nigeria.