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@article{195675,
        author = {Bello Hassan T. and GBEMISOLA, OLAJIDE SAMUEL and DADA OLAKUNLE ISAIAH and OLADELE OLAJUMOKE OMOWUNMI and OKPOGADIE EMEIYO AMOS and OTUCHI EMEKA and AFOLABI TUNDE SHEDRACK},
        title = {AN EMPIRICAL ANALYSIS OF MONETARY POLICY MEASURES AND THEIR EFFECTS ON POVERTY ALLEVIATION IN NIGERIA},
        journal = {International Journal of Innovative Research in Technology},
        year = {2026},
        volume = {12},
        number = {11},
        pages = {2183-2192},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=195675},
        abstract = {This study empirically examines the impact of monetary policy measures on economic growth and their implications for poverty alleviation in Nigeria. The research focuses on key macroeconomic variables including money supply, interest rate, exchange rate, and inflation rate, using Gross Domestic Product (GDP) as a proxy for economic performance. Annual time-series data covering the period 2000–2023 were analyzed using the Ordinary Least Squares (OLS) regression technique. The findings reveal that money supply has a positive and statistically significant effect on GDP, indicating that increased liquidity stimulates economic activities and supports growth. Conversely, the exchange rate shows a negative and significant relationship with GDP, suggesting that currency depreciation adversely affects economic performance. The results further show that inflation and interest rates have insignificant effects on GDP within the study period. The model demonstrates strong explanatory power with an R² value of 0.9188, indicating that about 91.88% of the variation in economic growth is explained by the included variables. Based on the findings, the study concludes that effective management of monetary policy instruments particularly exchange rate stability and money supply regulation is essential for enhancing economic growth and supporting poverty reduction in Nigeria. The study recommends policies aimed at stabilizing the exchange rate, maintaining optimal money supply, promoting economic diversification, and ensuring macroeconomic stability.},
        keywords = {Monetary policy, economic growth, poverty alleviation, exchange rate, money supply, Nigeria.},
        month = {April},
        }