CENTRAL BANK GOVERNORS’ TENURE, FINANCIAL REPRESSION AND THE NIGERIAN ECONOMY
CENTRAL BANK GOVERNORS’ TENURE, FINANCIAL REPRESSION AND THE NIGERIAN ECONOMY

Summary/Abstract: The study analyzed effect of central bank governors’ tenure and financial repression on Nigerian economy. The correlation and ordinary least squares techniques were applied on data collected from Central Bank of Nigerian statistical database covering 1975 to 2018. The findings revealed that Central Bank Governors’ Policy decisions while in office caused financial repression which significantly affects Nigerian economy. Specifically, prescribed cash reserve for public sector funds negatively account for growth thus constituting financial repression affecting Nigerian economy. This study concludes that policy decisions of the governors of central bank significantly affect the economy and recommends that central bank governors should exercise caution in taking policy decisions that will have adverse financial repression effects on the economy.

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