International records / OpenAlex research

The Impact of Exchange Rate on Industrial Growth in Nigeria

Despite various exchange rate policies put in place by successive governments in the country to enhance industrial growth, the desired result in terms of output growth is yet to be achieved. The study therefore broadly investigated the impact of exchange rate fluctuation on industrial growth in Nigeria. Specifically, the study examined the direction of causality between the exchange rate and industrial growth in Nigeria. The study covers the period between 1986 and 2023, utilizing data sourced from the Central Bank of Nigeria (CBN) statistical bulletins and National Bureau of Statistics. Relev…