IMPACT OF EXCHANGE RATE ON BALANCE OF PAYMENT IN NIGERIA...
ABSTRACT
This project examines the effect of exchange rate on balance of payment in Nigeria. The broad objective of the study is to ascertain the extent to which exchange rate determines the balance of payment and also to determine the relationship between national income and balance of payment. The problem of foreign exchange inadequacy, dependence on the oil sector for exchange earning, continuous depreciation of the naira exchange rate coupled with the inability to determine precisely the level of exchange rate of the naira that would ensure the internal and external balance simultaneously. The secondary source of data collection was used as data was collected from CBN publications and the Federal Office of Statistics. The ordinary least square regression was used to analyze the data and the findings revealed that the national income has a positive correlation with balance of payment. The unfavourable domestic and international economic development has constrained the achievement of balance and sustained economic growth that could foster balance of payment viability. It was recommended amongst others that there should be increase in non-oil exports commodities..
Terms of Use: This is an academic paper. Students should NOT copy our materials word to word, as we DO NOT encourage Plagiarism. Only use as a guide in developing your original research work. Thanks.
Disclaimer: All undertaking works, records, and reports posted on this website, eprojectguide.com are the property/copyright of their individual proprietors. They are for research reference/direction purposes and the works are publicly supported. Do not present another person’s work as your own to maintain a strategic distance from counterfeiting its results. Use it as a guide and not duplicate the work in exactly the same words (verbatim). eprojectguide.com is a vault of exploration works simply like academia.edu, researchgate.net, scribd.com, docsity.com, course hero, and numerous different stages where clients transfer works. The paid membership on eprojectguide.com is a method by which the site is kept up to help Open Education. In the event that you see your work posted here, and you need it to be eliminated/credited, it would be ideal if you call us on +2348064699975 or send us a mail along with the web address linked to the work, to eprojectguide@gmail.com. We will answer to and honor each solicitation. Kindly note notification it might take up to 24 – 48 hours to handle your solicitation.