Monetary Policy and Trade Openness: Implications on Economic Growth in Nigeria

The impact of monetary policy and trade openness on economic growth is the main focus of the research work. The investigation used time series data from 1993 to 2023. The data analysis employed was ARDL bounds test. The study concludes, that a long run relationship does exist between monetary policy, trade openness and economic growth. Money supply and Trade openness have positive impacts on economic growth in the long run. The study, therefore, recommended that to ensure economic growth the government should aim at reducing inflation and also adopt monetary policies that will spur economic growth. There should also be policies to increase trade especially exports to aid economic growth.