Impact Of Flexible Exchange Rate Policy On Nigerian's External Trade (1985-2008)
ABSTRACT
This study is to ascertain the impact
of flexible exchange rate policy on Nigeria external trade for the period of 22
years (i.e. 1985 — 2008). The main purpose of this research work is to verify
the impact of flexible exchange rate policy on Nigeria external trade and how
the effectiveness and efficiency can increase the volume of exported products.
Data was extracted from various issues of Central Bank of Nigeria bulletin.
Data analysis was done using regression analysis. The findings show that
deregulated exchange rate has no significant effect on Nigeria external trade
with R2of 69.2%, and t. value of 1 .23. at 1% significant while the second
hypotheèis show that there is significant effect of exchange rate on export
with R2of 7.18% and t. value of 7.139 at 1% level of significant and finally
the third hypothesis show that there is significant effect on exchange rate and
import with R2of 69.8% and t. calculated of 6.799 at 1%. Based Qfl the
findings, the study recommends that government should provide enabling
environment and framework for the smooth operation of the flexible exchange
rate regime among others.
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OBILOR, C (2021). Impact Of Flexible Exchange Rate Policy On Nigerian's External Trade (1985-2008) . Repository.mouau.edu.ng: Retrieved Dec 23, 2024, from https://repository.mouau.edu.ng/work/view/impact-of-flexible-exchange-rate-policy-on-nigerians-external-trade-1985-2008-7-2
C., OBILOR. "Impact Of Flexible Exchange Rate Policy On Nigerian's External Trade (1985-2008) " Repository.mouau.edu.ng. Repository.mouau.edu.ng, 05 Jul. 2021, https://repository.mouau.edu.ng/work/view/impact-of-flexible-exchange-rate-policy-on-nigerians-external-trade-1985-2008-7-2. Accessed 23 Dec. 2024.
C., OBILOR. "Impact Of Flexible Exchange Rate Policy On Nigerian's External Trade (1985-2008) ". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 05 Jul. 2021. Web. 23 Dec. 2024. < https://repository.mouau.edu.ng/work/view/impact-of-flexible-exchange-rate-policy-on-nigerians-external-trade-1985-2008-7-2 >.
C., OBILOR. "Impact Of Flexible Exchange Rate Policy On Nigerian's External Trade (1985-2008) " Repository.mouau.edu.ng (2021). Accessed 23 Dec. 2024. https://repository.mouau.edu.ng/work/view/impact-of-flexible-exchange-rate-policy-on-nigerians-external-trade-1985-2008-7-2