Managing Nigeria's Foreign Reserve for Enhanced Macroeconomic Performance.
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This paper focuses on foreign reserve management and its impacts on the macroeconomic performance of the Nigerian economy and by extension the well being of Nigerians. The role of the Central Bank of Nigeria as the principal player or state organ in the use of monetary policy to achieve government's intentions of enhanced human welfare was looked into. Consequently macroeconomic variables like the inflation rate, intermediation spread, foreign exchange rate among others were discussed with the suggestion that it is expedient for the government to use part of the foreign reserve to fund fiscal deficits and undertake strict inflation targeting or flexible inflation targeting by relying on the use of foreign reserve to control exchange rate.
Foreign Reserve , Macroeconomics Performance
Obademi,O.E. (2007) Managing Nigeria's Foreign Reserve for Enhanced Macroeconomic Performance. Journal Of Business Management Vol. 2, (1&2), p. 98 - 107.