ANALYSIS OF THE EFFECT OF EXCHANGE RATE ON MANUFACTURING INDUSTRIES IN NIGERIA (1985-2006)
TABLE OF CONTENTS
Table of Contents
Introduction: Background of the study
Statement of the problem
Objectives of the study
Statement of hypothesis
Method of study
Scope and limitation of the study
Organization of the study
2.1 The concept of exchange rates
2.1.a Fixed Vs flexible exchange rate
2.1.b Real Vs nominal exchange rate
Review and appraisal of the Nigeria Manufacturing Industries and its performance
Exchange rate policy and the Nigeria manufacturing sector
General impact of exchange rate on the manufacturing sector
Manufacturing production and contribution to GDP
Local souring of raw materials and capacity utilization of the manufacturing industries in Nigeria
Exchange rate policy under sap
Sources of data
Method of data analysis
Presentation and analysis of data
Interpretation of result
Policy implications of the study
Summary of Findings, Conclusion and Recommendation
LIST OF TABLE
Table 2.0 – Manufacturing Production and contribution to GDP in different years
Table 2.1 – Local souring of raw materials in different years
Table 2.2 – capacity utilization in different years.
Table 2.3 –average Naira encourage rate for various years
Table 4.1 – data presentation
This study was undertaken to asses the effort of exchange rate on the manufacturing industries in Nigeria. The study was embarked upon because of the increasing concern about the potency of exchange rate policy in addressing the problems inherent in the manufacturing industries in Nigeria.
Further more, efforts were made to find out how exchange rate policies have contributed to the growth of the gross domestic product (GDP) out its general impact on the Nigeria economy.
(field, flexible/floating exchange rate, etc) as well as issues and efforts is has had on the manufacturing sector.
Secondary sources of data collected were utilized. It was revealed that the manufacturing industries in Nigeria was capacity by and large unity instability in production target, capacity utilization, revealed generation, low output productivity, and the sectors contribution to the gross domestic product (GDP) of Nigeria has been very low over the years. It was revealed that the problems or the instability in the exchange rate policy of Nigeria.
Thus, serve recommendations usable made which include:
That these should be consistency in the implementation of the exchange rate policy. Also, that the exchange rate policy should be used in correcting the fundamental imbalance in the manufacturing sector.
Another recommendation made was that the government should maintain and properly enforce the ban on importation of goods having local substitute. Such an action would enhance the productivity of the manufacturing industries in Nigeria.