The Project File Details
Approval of Edo State
Table of content
2.1 Literature Review
2.2 types of Inflation
2.3 Causes of the Various Types of Inflation
2.4 Adverse effect of the Various Types of Inflation on the Economy
2.5 method adopted in controlling inflation
3.2 Research Instrument
3.3 Sample of Study
3.4 Population of Study
3.5 Method of Data Analysis
4.1 Data Presentation
4.2 Analysis and Interpretation
Inflation has been a major problem to economic development of Edo state and Esan North East Local Government Area. Apart from the state, country and the entire globe is being affected by inflation.
This project work is to cover the effect of inflation and economic development in Edo state with more concentration in Esan North East Local Government Area and various ways in which this scourge has been controlled by the various administrations and the relevance of such control method. As the name implies, inflation refers to a situation whereby there is continuous and upward increase in the price of goods and services.
Inflation also occurs when there is too much money in circulation and a few goods and services to be purchased with that money. Inflation can also occur when there is increase in money supply in the society. These and other reasons are the cause of inflation which will be discussed extensively in the cause of this project work.
The problem of the study is indentified in order to give direction to this work. Some research questions formulated are as follows:
1.4 PURPOSE OF THE STUDIES
A the end of the study, one should be able to know the effect of inflation in the economic development of inflation in the economic development of Edo state with a case of study of Esan north local government area and also proffer solution to solving the problem of inflation to enhance economic development. This will in general lead to good for costing and policy formulation with respect to controlling Esan North East and other councils.
This work is to cover the effect of inflation economic development in Edo state with more concentration in Esan North Local Government Area and also various ways in which this scourge had been controlled by the various Administrations and the relevance of such control method.
This study, “The effects of inflation on the economic development of Edo State: A case study of Esan North East Local Government Area of Edo State” will enhance the economic development of Edos State.
Government will be able to know how to formulate policy that will favour the people of this area. This policy will affect the reduction of pale of goods in the area.
Also, it will also sanitize the general public on how to manage their resources.
With the problem of inaccurate and in some situation, absent of data from relevant agencies and cost of mobility and other unforeseen expenses this project work will be restricted to Esan North East Local Government Area of Nigeria . It will be restrained to one decade so as to enable brief comparison between the military rule and civilian rule, in this present dispensation.