ABSTRACT The research work critically examined the extent to which naira exchange rate depreciation has affected domestic inflationary rate in Nigeria between the year 2000-2013. Therefore, in this study the researcher examined the trend of inflation and exchange and the relationship between the two variables. A model was specified to show the relationship between both variable. Also interest rate was included in the model as one of the variables that affects inflation. The model was then estimated using multiple regression method and variable statistical test were carried out on the regression equation. The result was analyzed accordingly. Moreover the result of the statistical test shows that exchange rate depreciation of naira is significant in explaining variation in the rate of inflation. Among the findings are that domestic inflation has significant impact on the Nigeria economic growth. The recommendation is that the federal government should provide a possible solution to reduce inflation in the nation like improving the value and quality of the naira over other foreign currencies like the U.S dollar. In conclusion, the data for the project work was collected from most recent years in order to make findings, adequate in explaining the cause of inflation in recent times.
TABLE OF CONTENTS Title page i Certification page ii Approval page iii Dedication iv Acknowledgment v Table of contents vi Abstract vii CHAPTER ONE INTRODUCTION 1 1.1 Background of the study 1 1.2 Statement of Problems 4 1.3 Significant of the Study 6 1.4 Objectives of the Study 7 1.5 Research Hypothesis 7 1.6 Scope and Limitation of the Study 8 1.7 Definition of Terms 9 References CHAPTER TWO REVIEW OF RELATED LITERATURE 12 2.1 The Concept of Exchange Rate 12 2.2 Exchange Rate Management in Nigeria 22 2.3 Inflation a Concept 31 2.4 Theories of Inflation 36 2.5 Inflation in Nigeria 42 2.6 Exchange Rate Depreciation and Inflation in Nigeria 49 2.7 Empirical Evidence 52 Reference 55 CHAPTER THREE RESEARCH DESIGN AND METHODOLOGY 3.1 Research Design 57 3.2 Theoretical Framework and Model Specification 57 3.3 Data on Macro-Economic Variables 61 3.4 Source of Data 62 3.5 Population Size 66 3.6 Sample Size 66 3.7 Instrument of Data Collection 68 3.8 Method of Data Presentation 69 3.9 Techniques of Data Analysis 69 References 71
CHAPTER FOUR DATA PRESENTATION, ANALYSIS AND INTERPRETATION 4.1 Analysis of data 72 4.3 Test of hypothesis 81 CHAPTER FIVE SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATIONS 5.1 Summary of findings 89 5.2 Conclusion 90 5.3 Recommendations 93 Bibliography 95 Appendix 97 Questionnaire 98
NAIRA EXCHANGE RATE, DEPRECIATION AND DOMESTIC INFLATION IN NIGERIA
ABSTRACT The research work critically examined the extent to which naira exchange rate depreciation has affected domestic inflationary rate in Nigeria between the year 2000-2013. Therefore, in this study the researcher examined the trend of inflation and exchange and the relationship between the two variables. A model was specified to show the... Continue Reading
ABSTRACT The research work critically examined the extent to which naira exchange rate depreciation has affected domestic inflationary rate in Nigeria between the year 2000-2013. Therefore, in this study the researcher examined the trend of inflation and exchange and the relationship between the two variables. A model was specified to show the... Continue Reading
ABSTRACT This study set out to investigate the impact of exchange rate on inflation in Nigeria, time series data from 1981 to 2009 period are use and various econometric tools such as cointegration and error correction modeling (ECM) were employed to carry out the... Continue Reading
NTRODUCTION 1.1BACKGROUND OF THE STUDY Foreign exchange is the means of payment for international transactions and it is made up of convertible currencies that are generally acceptable for the settlement of international trade and other external obugations. The foreign exchange market is an arrangement or medium of... Continue Reading
PROPOSAL This work titled analysis of the persistent depreciation of the naira in the foreign exchange market: Causes, effects and solutions. Captures the performance of Nigeria economy in the face of the continuous depreciation... Continue Reading
NTRODUCTION 1.1 BACKGROUND OF THE STUDY Foreign exchange is the means of payment for international transactions and it is made up of convertible currencies that are generally acceptable for the settlement of international trade and other external obugations. The foreign exchange market is an arrangement or medium of interaction between the sellers... Continue Reading
ABSTRACT The remote cause of the problem that necessitated this study in perhaps, the chronic balance of payment deficit which the country has been experiencing since independent. An attempt to solve the problem through the use of exchange control measure ha not been quite successful rather, it has succeeded in bringing about on over valued... Continue Reading
ABSTRACT The remote cause of the problem that necessitated this study in perhaps, the chronic balance of payment deficit which the country has been experiencing since independent. An attempt to solve the problem through the use of exchange control measure ha not... Continue Reading
ABSTRACT The economy of any nation is greatly dependent on the level and stability of its exchange rate, with our nation’s (Nigeria) dwindling exchange rate, exploring the trend and pattern of our exchange rate is very needful. A secondary data on monthly exchange rates from 2010 to 2020 was obtained from ExchangeRate UK was analyzed using the... Continue Reading
ABSTRACT The main objective of the study is to examine the impact of real exchange rate and inflation on private investments in Uganda. The two objectives were to determine the effect of real exchange rate on private investment; to determine the effect of inflation rate on private investment. The study used Real exchange rate, Inflation rate,... Continue Reading