Effect of Monetary and Fiscal Policies on Agricultural Growth of Nigerian Economy

The purpose of this study is to examine the effect of monetary and fiscal policies of the government on the industrial and agricultural growth of Nigerian economy. Three research questions were raised and three hypotheses formulated to aid the research work. The research made use of secondary data, which was obtained from CBN statistical bulletins of various years. Hypotheses were subjected to statistical test using regression analysis which established a functional relationship between the independent variables (manufacturing output, exchange rate and indene of industrial production) and dependent variable gross domestic product (GDP). The result of the finding showed that exchange rate has a strong positive impact on the economy. The research recommends amongst others the need for a strategic step to be taken by the policy maker in formulation and implementation of right investment-induced policies and programmes that would enhance the nation’s potentials of benefiting from the gains of globalization while solving the problem that may accrued thereof with the general conclusion that the manufacturing sub-sector could bring about an wholesome multiplier effects on the economy as the nation and manufacturing sector could be better positioned to benefit from the gains of globalization if policies and programmes are properly channeled towards addressing the perennial problem of our economy