Open AccessIMPACT OF INFLATION ON INFRASTRUCTURAL INVESTMENT IN NIGERIA
Author(s) -
Onyeka Virginia Nnenna
Publication year - 2016
Publication title -
journal of social sciences research
Language(s) - English
Resource type - Journals
ISSN - 2321-1091
DOI - 10.24297/jssr.v10i2.4723
Subject(s) - inflation (cosmology) , investment (military) , economics , government (linguistics) , monetary economics , real interest rate , monetary policy , economic policy , macroeconomics , linguistics , philosophy , physics , politics , theoretical physics , political science , law
Inflation affects both the private and government sectors as well as individuals. It triggers prices if not properly managed and reduces the zeal for investment; an investment is an indispensable aspect of any economy. It is therefore against the effect of inflation on the economy that our paper examined the impact of inflation on infrastructural investment in Nigeria. Our result showed that the impact of inflation rate on infrastructural investment was negative and significant in Nigeria. We therefore, recommend that government should stick to prudent economic policies avoid excessive money printing which inflation targeting would achieved via price stabilization and also promote investment climate in Nigeria.