The Depreciation Of Naira On Nigerian Economy: Causes, Effects And Remedy

The Depreciation Of Naira On Nigerian Economy: Causes, Effects And Remedy

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PROJECT TOPIC AND MATERIAL ON THE DEPRECIATION OF NAIRA ON NIGERIAN ECONOMY: CAUSES, EFFECTS AND REMEDY

 

 The Project File Details

  • Name: The Depreciation Of Naira On Nigerian Economy: Causes, Effects And Remedy
  • Type: PDF and MS Word (DOC)
  • Size: [70 KB]
  • Length: [56] Pages

 

 

ABSTRACT

The study investigated the effect of depreciation of naira on Nigeria economy, causes effect and remedy using time series analysis and annual data from 1990 – 2009. The regression analysis model were used to capture both the long-run and short-run dynamics of the variables in the model. The empirical results indicate that depreciation of naira have significant effect on economic growth. There also exists a unique long-run relationship between economic growth and its determinants, including exchange rate, inflation rate and interest rate. It is relevant that Nigeria as a nation should critically look at her economic policies and exchange rate regimes to curb the instability in the naira exchange rate as well as boost her external balance.

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