Policy and Household Impact
Understand why fiscal policy direction: the government's fiscal stance either adds to or removes aggregate demand.
5
Lessons in this module
Fiscal policy
Understand why fiscal policy direction: the government's fiscal stance either adds to or removes aggregate demand.
Monetary policy
Understand why monetary vs fiscal comparison: monetary policy speed — CBN can change rates at any MPC meeting (every 2 months).
2023 fuel subsidy removal
Understand why subsidy removal economic rationale: ₦4-10 trillion/year in subsidy cost represented a massive fiscal drain.
Budget deficit
Understand why four household impact channels: inflation is the most immediate and universal — affects every purchase.
Following policy as a citizen
Understand why financial intelligence monitoring calendar: CBN MPC (bimonthly) → affects rates and investment timing.
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