International records / OpenAlex research

Exchange rate volatility and industrial output growth in Nigeria

Aim/purpose -This paper examines the relationship between exchange rate volatility and industrial output growth in Nigeria.In spite of the massive revenue emanating from oil wealth, Nigeria has wallowed in intergenerational poverty due to the inability to grow its industrial sector.The dilemma of exchange rate allowed growth of the industrial sector to become enormous.As such, this paper attempts a quantitative analysis of industrial output growth in Nigeria as predicted by an exchange rate volatility using a time series data from the exchange rate and the industry value added from 1986 throug…