The effect of exchange rate fluctuation on the nigeria manufacturing sector (1986-2010)
Table Of Contents
- <p> </p><p>Approval page i<br>Dedication ii<br>Acknowledgement iii<br>Abstract iv</p><p><strong>
Chapter ONE
INTRODUCTION
- </strong></p><p>Introduction<br>
- 1.1Background of the Study 1<br>
- 1.2Statement of the Problem 3<br>
- 1.3Objectives of the Study 5<br>
- 1.4Research Questions 6<br>
- 1.5Formulation of Hypothesis 6<br>
- 1.6Significant Of the Study 7<br>
- 1.7Scope and Limitations Of The Study 8<br>
- 1.8Definition of Terms 9</p><p><strong>
Chapter TWO
LITERATURE REVIEW
- </strong></p><p><strong>Introduction</strong></p><p>
- 2.1Review of Related Literature 10<br>
- 2.2Theoretical Concept Of Exchange Rate 18<br>
- 2.3Theoretical Frame Work for Exchange Rate Fluctuation andManufacturing Output 18<br>
- 2.4The Objectives of Exchange Rate Policy in Nigeria 20<br>
- 2.5Types of Exchange Rate 23<br>
- 2.6Factors Affecting Rate Of Exchange 25<br>
- 2.7Fluctuation inThe Exchange Rate Of The Naira 26<br>
- 2.8Factors Influencing TheDetermination Of Exchange Rates 27<br>
- 2.9Factors That Can Affect The Manufacturing Process 29<br>
- 2.10Factors That Causes The Currency Fluctuation 33<br>
- 2.11Manufacturing Sector 36<br>
- 2.12Overview of Manufacturing 49</p><p><strong>
Chapter THREE
RESEARCH METHODOLOGY
- </strong></p><p><strong>Introduction</strong></p><p>
- 3.1Research Methodology 64<br>
- 3.2Research Design 65<br>
- 3.3Source of data 65<br>
- 3.4Research Instrument 66<br>
- 3.5Reliability And Validity Of Research Instrument 66<br>
- 3.6Population Of The Study 66<br>
- 3.7Sample And Sampling Procedure 67<br>
- 3.8Method Of Data Analysis 67<br>
- 3.9Decision Criterion For Validation Of Hypothesis 70</p><p><strong>
Chapter FOUR
DATA PRESENTATION AND ANALYSIS
- </strong></p><p><strong>Introduction</strong></p><p>
- 4.0Presentation and Analysis of Data 71<br>
- 4.1Presentation of Results 72<br>
- 4.2Results 73</p><p><strong>
Chapter FIVE
SUMMARY, CONCLUSION AND RECOMMENDATIONS
- </strong></p><p>Summary of the Findings, Conclusion and Recommendations<br>
- 5.1Summary of the Findings 77<br>
- 5.2Conclusion 78<br>
- 5.3Recommendation 79<br>BIBLIOGRAPHY 81<br>APPENDIX</p> <br><p></p>
Project Abstract
<p> 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 <br></p>
Project Overview
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</p><div><p><strong>INTRODUCTION</strong></p><p><em><strong>1.1 BACKGROUND OF THE STUDY</strong></em></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.</p></div><h3></h3><br>
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