Abstract
The major aim of this research work is to know the effects of exchange rate fluctuation on imported goods in Nigeria. It also aimed at ascertaining the level of relationship between the depreciation value of naira and the pricing of imported goods in Nigeria. The fluctuating nature of exchange rate appears to be responsible for the exploitative pricing of imported goods in Nigeria. The objective of the researcher is to address the following; to know the reason of this upwards movement of the pricing of goods in Nigeria. To discover only Nigeria dependable on importation. To x-ray why there is stead rise in the price of imported goods, these issues were addressed through theoretical and empirical approach with help of secondary and primary data collection method, related literature were reviewed to ascertain what various authors have to say on the topic. The primary data was collected through questionnaires administered on the financial intuitions, importers and retailers of various imported goods in Lagos metropolis. The question is upward movement of the pricing of goods in Nigeria due to the exchange rate fluctuation. The researcher found out that the upward movement of the pricing of goods in Nigeria. The researcher made work tirelessly with its monetary agencies to fix the naira, for no country of the world leaves its currency afloat to the pros and cons of forces of demand and supply.
Table of contents
Title i
Approval ii
Dedication iii
Acknowledgment iv
Table of contents v
Abstract ix
CHAPTER ONE
1.0 Introduction 1
1.1 Background of the study 1
1.2 Statement of the problem 8
1.3 Purpose of the study 9
1.4 Significance of the study 9
1.5 Research question 10
1.6 Formation of hypothesis 10
1.7 Scope of the study 11
1.8 Definition of terms 12
CHAPTER TWO
2.0 Literature review 14
2.1 Introduction 14
2.2 Review of related literature 19
2.3 Factors influencing the determination of exchange rate 22
2.4 Exchange rate policies in Nigeria from (1960-1998) 27
2.5 The period 1986-1994 37
2.6 Some thoughts on the appropriate exchange rate regime for Nigeria 46
2.7 The policies government external trade and financial in Nigeria 55
2.8 Policies government external trade and finance before the introduction of SAP 56
2.9 Nigeria’s trade and finance policies since the introduction of the SAP 64
2.10 Exchange rate fluctuations and the dollar problem, its effect on imported goods 67
2.11 Dealing with the problem and volatile exchange rate changes-limitation of the floating exchanging rate system 70
2.12 Summary of the literature review 72
CHAPTER THREE
3.0 Methodology 74
3.1 Introduction 74
3.2 Design of the study 74
3.3 Area of the study 74
3.4 Population of the study 75
3.5 Samples of the study 75
3.6 Instrument of data collection 76
3.7 Validation of the instrument 77
3.8 Distribution and retrieval of the instrument 78
3.9 Method of data analysis 78
CHAPTER FOUR
4.0 Data presentation 79
4.1 Test of hypothesis 82
4.2 Discussion of the findings 85
CHAPTER FIVE
Summary Of Findings, Conclusion And Recommendations
5.1 Summary of the findings 87
5.2 Conclusion 87
5.3 Recommendations 88
5.4 Limitation of the study 89
5.5 Suggestions for further research 90
References 91
Appendix A 92
Appendix B 93
