ABSTRACT
The main objective of this study is to
examine empirically the effect of exchange rate policies on Nigerian
Manufacturing Sector, because most policies put in place by Nigerian
Government from time to time focus on the margin between official rates
and parallel market rate (Unofficial rates).
In July 1987, a merger of the erstwhile
first and second-tier exchange rates in the early phases of the
structural adjustment programme took place but this did not solve any
problem.
The constructed model was estimated
using the simple regression analysis to test the relationship between
the variable considered to the dynamic behaviour and interaction of all
other variables.
The result findings implied that a unit
change in exchange rate will lead to 42 percent decrease in average
capacity utilization of the Nigerian Manufacturing Sector while all
other estimated variable co-efficient included in the model gave the
expected negative signs.
Finally, it was recommended that the
internal strength of the economy should be built up through agricultural
and industrial transformation which with the big potential of the
Nigerian Economy should result in its less dependence on external trade
and short run crisis management of limited foreign exchange resources.
TABLE OF CONTENT
Title Page
Dedication
Certification
Acknowledgment
Abstract
Table of Content
CHAPTER ONE
1.0 Introduction
1.1 Background to the study
1.2 Statement of the problem
1.3 Significance of the study
1.4 Objectives of the study
1.5 Research hypothesis
1.6 Scope and plan of the study
1.7 Sources of data and methodology
CHAPTER TWO
2.0 Literature Review and Theoretical Framework
2.1 Introduction
2.2 Theoretical perspective of exchange rate
2.3 Foreign exchange market and system of foreign exchange rate
2.4 Literature Review
2.5 Exchange rate policies in Nigeria
2.6 Impact of exchange rate in manufacturing sector
2.7 Method of determination of exchange rate
2.8 Objective of exchange rate policies
2.9 Theory of developments
2.10 Evidence from developing countries
CHAPTER THREE
3.0 Research Methodology
3.1 Research design
3.2 Model specification
3.3 Variable definition and A-priori Expectation
3.4 Data requirements and sources
3.5 Methods of data collection
3.6 Methods of data analysis
3.7 Limitation of the methodology
CHAPTER FOUR
4.0 Presentation and analysis of data
4.1 Presentation of data
4.2 Data Analysis
4.3 Testing of hypothesis
CHAPTER FIVE
5.0 Summary, Conclusion and Policy Recommendations
5.1 Findings and Interpretation of results
5.2 Conclusion
5.3 Policy recommendations
5.4 Suggested areas for further research
References