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ABSTRACT
The study investigated the impact of monetary and fiscal policy on the Nigerian economy. The study period spans 33 years (1990-2022). The study adopted Ex-Post-facto and longitudinal research design method. The findings revealed that credit to private sector has a positive insignificant impact on real gross domestic product. Exchange rate has a negative significant impact on real gross domestic product in the short run though insignificant, government expenditure has a positive significant effect on real gross domestic product, lending rate has a positive significant effect on real gross domestic product, and money supply has a positive significant impact on real gross domestic product in Nigeria. Based on the findings, the study therefore recommend that government should come up with an appropriate monetary measure to ensure that the provision of credit facilities to the private sector is judiciously made available to investors to aid industrialization and economic growth. Nigerian government should create enabling environment for the industrialists to thrive effectively, that will help to boost the performance of the industrial sector and the Nigerian economy at large, and government should encourage local investment in the country by make monetary policy rate favourable to industrialists and investors.
