The effect of exchange rate fluctuation on the nigeria maufacturing sector (1986-2010)
Table Of Contents
Thesis Abstract
This paper examines the effect of exchange rate fluctuations on the Nigerian manufacturing sector during a twenty five (25) years period (1986 – 2010). The argument is that fluctuation in exchange rate adversely affects output of manufacturing sector. This is because Nigerian manufacturing is highly dependent on import of input and capital goods. The methodology adopted for this study is empirical. The econometric tool of regression was used for the analysis. The population target of this study is the total number of 25 years from (1986 – 2010) (25) annual time series as data relating to other years after 2010 are not available. The used in this study is the secondary source of data. The data to be utilized in this study we be sourced through library research, publications of the Central Bank of Nigerian (CBN) i.e. statistic bulletin, National Bureau of Statistic(NBS), on line information and economic journals. Based on the findings, the researcher found out that exchange rate has no significant effect on economic growth of Nigeria also that there is no significant effect of fluctuation on exchange rate on the manufacturing sector. Some recommendations for policy were made based on the findings. Amongst others is the need to strengthen the link between agriculture and manufacturing‟s sector through local sourcing of raw materials thereby reducing reliance of the sector on import of input to a reasonable level.
Thesis Overview
<p> </p><p><strong>INTRODUCTION</strong></p><p><strong>1.1</strong> <strong>BACKGROUND OF THE STUDY</strong></p><p>Following the fluctuation of the naira in 1986, a policy induced by the structural adjustment programme (SAP), the subject of exchange rate fluctuation has become a topical issue in Nigeria. This is because it is the goal of every economy to have a stable rate of exchange with its trading partners. In Nigeria, this goal was not reached in spite of the fact that the country embarked on devaluation to promote export and stabilize the rate of exchange. The failure to realize this goal subjected the Nigerian manufacturing sector to the challenge of a constantly fluctuating exchange rate. This was not necessitated by the devaluation of the naira but the weak and narrow productive base of the sector and the rising import bills also strengthening it. In order to stem this development and ensure a stable exchange rate, the monetary authority put in place a number of exchange rate policies.</p> <br><p></p>Blazingprojects Mobile App
📚 Over 50,000 Research Thesis
📱 100% Offline: No internet needed
📝 Over 98 Departments
🔍 Thesis-to-Journal Publication
🎓 Undergraduate/Postgraduate Thesis
📥 Instant Whatsapp/Email Delivery
Related Research
A Framework for Patient-Centered Design in Remote Medical Rehabilitation Programs...
This research focuses on creating a practical framework to guide the design of remote medical rehabilitation programs that are centered around the needs and pre...
A Framework for Standardizing Quality Control Practices in Clinical Laboratory Testi...
This research focuses on developing a clear and practical framework to standardize quality control practices in clinical laboratory testing. Quality control in ...
A Framework for Parametric Modeling of Additive Manufacturing Mechanical Properties...
This research focuses on developing a systematic framework to model the mechanical properties of materials produced through additive manufacturing (AM), also kn...
A Framework for Modeling Nonlinear Dynamics in Chaotic Systems...
This research aims to develop a comprehensive framework for understanding and modeling nonlinear dynamics in chaotic systems. Chaotic systems are complex system...
A Framework for Predicting Corrosion Resistance in Aluminum Alloy Composites...
This research focuses on developing a structured way to predict how well aluminum alloy composites resist corrosion, which is a common challenge in many industr...
A Framework for Analyzing the Impact of Social Media Influencers on Youth Political ...
This research examines how social media influencers affect the way young people engage with politics. In recent years, social media influencers—individuals wi...
A Framework for Integrating Social Media Engagement into Customer Loyalty Models...
This research explores how social media engagement influences customer loyalty, aiming to create a new framework that combines these two areas. Customer loyalty...
A Framework for Analyzing Code-Switching as a Pragmatic Competence...
This research is focused on understanding how people switch between languages or dialects in everyday conversation, a phenomenon known as code-switching. Specif...
A Framework for Enhancing Critical Teaching Skills in Library Science Education...
This research focuses on developing a clear and practical framework that can help improve the way library science educators teach critical thinking skills. Crit...
