Home » Banking and Finance » THE IMPACT OF EXCHANGE RATE VOLATILITY ON NIGERIA ECONOMIC GROWTH

THE IMPACT OF EXCHANGE RATE VOLATILITY ON NIGERIA ECONOMIC GROWTH

Sold By: Joe Project Store | Item Type: Project Material | Report this?  |  Attributes: 50 pages | 1-5 chapters | Amount: ₦5,000 | 4 orders. | Marked useful: 6,105 times

INSTANT PROJECT MATERIAL DOWNLOAD

INTRODUCTION

This study examined the Impact of Exchange Rate Volatility on Nigeria Economic Growth over the period of 29 years (1987-2015). Secondary data source was explored in presenting the facts in which all Nigeria’s economic outputs were considered. The secondary data are obtained from CBN annual reports. The model for the study has its dependent variables to be the Real Gross Domestic Product (RGDP), Export and Import and its independent Variable was Exchange Rate, using Regression Model Analysis to- test the magnitude of the impact of exchange rate volatility on economic growth in Nigeria, establish whether there is a significant relationship between exchange rate volatility and exports in Nigeria and to determine what the effect of exchange rate volatility on imports in Nigeria. The result shows that there is a positive significant relationship between exchange rate and the Gross Domestic Product, there is  a positive significant relationship between exchange rate and export and there is a significant positive relationship between exchange rate and import. The study recommended more diversification of the economy: an expansion in non-oil exports, adoption of measures to stimulate domestic production, and also encourage export of primary commodities in which the country has comparative advantage. An expansion in exports means an export-led growth which will in turn result in higher export multiplier (ratio of the increase in national income resulting from an increase in exports to the increase in exports) to enhance the country’s comparative advantage with a view to boosting the economy, an adoption of a realistic exchange rate for naira by the authorities which implies that the excessive demand for foreign exchange should be curbed.


Tags: Exchange rate volatility Impact of exchange rate volatility Evaluation of exchange rate volatility Nigeria economic growth Assessment of Nigeria economic growth

This material content is developed to serve as a GUIDE for students to conduct academic research
Find What You Want By Category:
Assignments
Business Plans
e-Books
Journals
Project Materials
Proposals
Seminar Reports
Term Papers

DOWNLOAD THIS PROJECT MATERIAL NOW!

Advertise Here

For advertisement, call 08168958821

Not what you were looking for? Perform a search

What's your project topic?

Comment on Facebook:

See More Banking and Finance Final Year Research Project Topics & Materials In PDF & Doc | iproject

More Project Material Departments