Abstract

<p>The study analyzed the relationship between asset mix and financial performance of quoted industrial companies in This study examined the effect of money supply on economic development in Nigeria (2000 – 2022). Money supply was proxied by Broad Money Supply (MS2), Credit to Private Sector (CPS)) and controlled by Inflation rate (INF)) and Gross Domestic Product (RGDP)) was used as proxy for economic development. The data were sourced from UNDP, World Bank data, CBN financial Statistical report. The data were subjected to inferential such as trend analysis, ADF unit root test, Johansen cointegration test, Auto-regression distributive lag estimates. The unit root result revealed the variables are integrated at mixed order of I(0) and I(1). The estimation followed the Autoregressive Distributive Lag (ARDL) Model. The findings revealed that MS2 and CPS had significant positive effect on RGDP; while INF has significant negative effect on RGDP. The researchers conclude that money supply has significant effect on economic development in Nigeria. The researchers recommend among others that, the monetary authorities should consolidate on the fiscal policies measures that prompt reduction on inflation in other to boost the economic development in the country. This must be with caution to the level of money supply as the economic development responds more favorably to an increase in the money supply.</p>