This paper investigates the effect of monetary policies on the Nigerian manufacturing sector. The paper used anecdotal evidence to x-ray the suits of monetary policies initiated in order to promote a vibrant manufacturing sector in Nigeria. The evidence suggests that manufacturers in Nigeria are not maximizing the benefits of these policies. The paper therefore, identified opportunities the current Central Bank of Nigeria exchange rate policy provided for manufacturers, in terms of skill and technology transfer, patent rights and the domestication of foreign technology. The paper also charged the government to decentralize power generation. That is, legally empowering manufacturers to generate their electricity through micro-grids.
JEL classification numbers: E2, E3, H3, H4
Keywords: Monetary Policy, Fiscal Policy, Foreign Exchange Rate, Manufacturers.