International records / OpenAlex research

Exchange Rate and Economic Growth in Nigeria: Reconsidering the Evidence

This study investigates how exchange rate movements have shaped Nigeria's economic growth over nearly four decades, spanning from 1986 to 2024. To measure economic growth, RGDP growth rate is adopted as the outcome variable in the data analysis. The variables that explained this nexus consisted of exchange rate, exports, imports and inflation rate. Data on these macroeconomic indicators were sourced from CBN Statistical Bulletin (2024) which were analyzed using Autoregressive Distributed Lag (ARDL) model. The estimated results revealed that exchange rate marginally exerted significant negative…