ABSTRACT

 uncertainty in the economy while at the accelerated economic growth. Using time series approach, thestudy ascertained the impact ofexchange rate changes on nonoil exports in Nigeria covering the period of 1981 to 2018. The objectives ofthe study were to evaluate the impact of exchange rate changes on non-oil exports in Nigeria and to investigate the long run relationship between exchange rate changes and non-oil exports in Nigeria. The error correction mechanism and cointegration technique was employed to obtain objectives. Thus, form the result ofthe t-test the study reveals thatmoney supply and trade openness to have a positive and significant impact on non-oil exports in Nigeria, while credit to private sector has a positive but insignificant impact on non-oil exports in Nigeria. Also inflation rate has a negative but insignificant impact on non-oil exports in Nigeria and exchange rate has a negative and significant impact on non-oil exports in Nigeria. From the result of the Johanson Cointegration test it was revealed that there exist a long run relationship between exchange rate and non-oil exports in Nigeria. Based on the findings, the study recommended that; commercial/central banks should increase their money supply to non-oil exports so as to boost economic growth and development in Nigeria. Commercial/central banks should also make sure that exchange rate is stable vis-a-vis other currencies so as to boost the non-oil exports of Nigerian economy. Commercial banks should also increase their credit giving capacity to investors of non-oil exporters in order to boot the sector. Monetary authorities should pursue policies that aim to reduce inflation rate in the economy. This will help reduce the level of uncertainty in the economy while