This study examined the implications of inflation on economic growth in Nigeria from 2000 to 2022. Data were tested using Augmented Dickey Fuller (ADF) Test. And Autoregressive Distributive Lag (ARDL), Diagnostic Tests of Normality, Serial Correlation, and Heteroskedasticity proved validity of the model. The ARDL test established a long run relationship between inflation and economic growth in Nigeria. The result also revealed that inflation had negative relationship with economic growth; employment had positive relationship with economic growth, while Gross Fixed Capital Formation had negative relationship with economic growth. The explanatory variables INF, EMP, and GFCF showed a significant joint effect and accounted for 99.45% of the total variation in economic growth. The concluded that there is a long run relationship between inflation and economic growth in Nigeria, and recommended that the Central Bank of Nigeria should step up efforts to reduce money supply and/or good interest rate management. The Nigerian government should implement policies that will boost employment level in the country to assist in controlling inflation.
(Bam) et al. (Mon,) studied this question.