ABSTRACT
The study investigated effect of exchange rate fluctuation on economic growth of Nigeria from
1986-2016. It adopted ex post facto research design and extracted data from the central bank of
Nigeria statistic bulletins. The study used real gross domestic product and per capita income as
proxies for economic growth while exchange rate, inflation rate and interest rate were used as the
independent variable. Inflation rate and interest rate were adopted as extraneous, variable. The
researcher conducted unit root test to ascertain the stationarity of the variables. Real gross
domestic product interest and inflation rates are stationary at level while per capital income and
exchange rate variable are stationary at first difference. The study therefore used the Auto
regressive distributed lag (Bound Test) to estimate the relationship of the variable. It was found
that exchange rate has significant effect on real gross domestic product. The study hence
conducted that exchange rate fluctuation has a significant effect on economic growth of Nigeria
and recommends that: (a) government should exchange rate to be determined by the dynamic of
the market so that there would be an even growth in the economy (b) government should ensure
that the purchasing power is based on the reality on the economy with a view to the exchange,
interest and inflation rates and encourage an equal measure of the production of goods and
services.
UZOH, S (2021). Effect Of Exchange Rate Fluctuation On Economic Growth Of Nigeria. Mouau.afribary.org: Retrieved Oct 31, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-exchange-rate-fluctuation-on-economic-growth-of-nigeria-7-2
SYLVIA, UZOH. "Effect Of Exchange Rate Fluctuation On Economic Growth Of Nigeria" Mouau.afribary.org. Mouau.afribary.org, 10 Jun. 2021, https://repository.mouau.edu.ng/work/view/effect-of-exchange-rate-fluctuation-on-economic-growth-of-nigeria-7-2. Accessed 31 Oct. 2024.
SYLVIA, UZOH. "Effect Of Exchange Rate Fluctuation On Economic Growth Of Nigeria". Mouau.afribary.org, Mouau.afribary.org, 10 Jun. 2021. Web. 31 Oct. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-exchange-rate-fluctuation-on-economic-growth-of-nigeria-7-2 >.
SYLVIA, UZOH. "Effect Of Exchange Rate Fluctuation On Economic Growth Of Nigeria" Mouau.afribary.org (2021). Accessed 31 Oct. 2024. https://repository.mouau.edu.ng/work/view/effect-of-exchange-rate-fluctuation-on-economic-growth-of-nigeria-7-2