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Monetary Policy

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International Development

Bilateral Economic Cooperation
The Monetary Policy Department has included in its process the financial sector reforms which was initiated to enhance competition, reduce distortion in investment decisions and evolve a sound and more efficient financial system. The reforms which focused on structural changes, monetary policy, interest rate administration and foreign exchange management, encompass both financial market liberalization and institutional building in the financial sector. In view of this, the department provides information on financial and institutional policies during bilateral negotiations between Nigeria and other countries.

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Facts : 1/1/1900
Structural Adjustment Programme (S.A.P.):Introduced in June 1986, the Structural Adjustment Programme was introduced after a public debate on IMF loan conditionalities. It was aimed at re-structuring the productive base of the ecnonomy and promoting non-inflationary economic growth.
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