Description
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
TABLE OF CONTENT
Approval page
Dedication
Acknowledgement
Abstract
Chapter One
Introduction
1.1 Background of the Study
1.2 Statement of the Problem
1.3 Objectives of the Study
1.4 Research Questions
1.5 Formulation of Hypothesis
1.6 Significant Of the Study
1.7 Scope and Limitations Of The Study
1.8 Definition of Terms
Chapter Two
Introduction
2.1 Review of Related Literature
2.2 Theoretical Concept Of Exchange Rate
2.3 Theoretical Frame Work for Exchange Rate Fluctuation And Manufacturing Output
2.4 The Objectives of Exchange Rate Policy in Nigeria
2.5 Types of Exchange Rate
2.6 Factors Affecting Rate Of Exchange
2.7 Fluctuation in The Exchange Rate Of The Naira
2.8 Factors Influencing The Determination Of Exchange Rates
2.9 Factors That Can Affect The Manufacturing Process
2.10 Factors That Causes The Currency Fluctuation
2.11 Manufacturing Sector
2.12 Overview of Manufacturing
Chapter Three
Introduction
3.1 Research Methodology
3.2 Research Design
3.3 Source of data
3.4 Research Instrument
3.5 Reliability And Validity Of Research Instrument
3.6 Population Of The Study
3.7 Sample And Sampling Procedure
3.8 Method Of Data Analysis
3.9 Decision Criterion For Validation Of Hypothesis
Chapter Four
Introduction
4.0 Presentation and Analysis of Data
4.1 Presentation of Results
4.2 Results
CHAPTER FIVE
Summary of the Findings, Conclusion and Recommendations
5.1 Summary of the Findings
5.2 Conclusion
5.3 Recommendation
Bibliography
Appendix