Impact of Foreign Exchange Rate Volatility And Foreign Investment In Nigeria:- Odoh Martins C

ABSTRACT

 This study focused on the impact offoreign exchange rate volatility andforeign investment in Nigeria, The variables to be investigated in the work concerns exchange rate, which was proxied by; exchange rate policy and control ofexchange rate fluctuations, foreign investment cost has been proxied by. foreign investment in the country. The specific objectivesfor this study were; empirically examine the effect of exchange rate volatility on foreign investment in Nigeria, ascertain ifthere is a sustainable long run relationship between foreign exchange volatility and foreign investment in Nigeria.. Outcome from empirical evaluations proves that; exchange rate andforeign investment has a significant positive effect on manufacturing sector net profitfor the period ofthis investigation. The study wentforward to recommend that; The manufacturing sector in the economy should engage more into the provision ofquality education for the people, as it will improve the skill set oftheir potential employee's in the nearest future, thereby increasing tlieir profitability, Government should enact laws that will prohibit the sectorfrom abandoning their societies where they extract their raw materials with polluted environment. They should be made accountable for any pollution incidence in, the environment and deal with itfrom their income and that the manufacturing sector should engage fully into the provisions of human development related materialsfor their respective host communities, as the coefficient ofhuman development index has a significant positive relationship with manufacturing sector net profitfor the period ofthis empirical review.