Exchange Rate Management and the Survival of the Industrial Subsector of Nigeria (1990-2013)

1
Edu Phd
Edu Phd
2
Dr. Onyeizugbe Chinedu Uzochukwu
Dr. Onyeizugbe Chinedu Uzochukwu
3
Umeagugesi Uchenna Emmanuel
Umeagugesi Uchenna Emmanuel

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This study, exchange rate management and the survival of the industrial subsector of Nigeria, identifies weak productive base as a major problem facing the industrial sector. In view of the above problem, the objective of the study is to examine how devaluation of the naira affects the survival of the industrial subsector in Nigeria (1990Nigeria ( -2013) ) with the aim of proffering solutions of increased productivity in the economy. The study is anchored on balance of payment theory Secondary data used for this study were sourced from CBN statistical bulletin. Ordinary Least Square (OLS) regression method was used to examine the relationship between manufacturing capacity utilization (dependent variable) and exchange rate, export, GDP and inflation (independent variables). The result shows that manufacturing capacity utilization has positive relationship with exchange rate and export. The study recommends that manufacturing firms should embark on production of quality goods and the Government should encourage the development of local industrial subsector.

13 Cites in Articles

References

  1. Myoung-Jae Lee (2014). Least Squares and Method of Moments.
  2. R Barth (1992). Exchange Rate Policy.
  3. (1993). The Foreign Exchange Market in Nigeria.
  4. A Crockett (1987). Making Domestic Economic Policy in Washington.
  5. G Moser (2005). The Main Determinants of Inflation in Nigeria.
  6. Ozor, Ikemefuna,Uzoefuna, Casmir,Ugwu, Ifebuchechukwu,Nnachi, Salvator,Okpala, Onyedikachukwu Precious,Ebuoh, Chiamaka,Okoye-Oli, Ifeoma Peace,Ijah, Edith. (2006). Effects of Moringa Oleifera Seed Extracts on Nutmeg Induced Renal Dysfunction in Wistar Rats.
  7. O Nnana (2002). Monetary and Financial Sector Policy Measures in the 2002 Budget.
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  9. P Obaseki (2001). Meeting the Foreign Exchange Needs of the Real Sector of the Nigerian Economy.
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  11. M Ojo (1990). The Management of Foreign Exchange Resources under Nigeria's Structural Adjustment Programme.
  12. Elias Udeaja,Mariam Yusuf,Peter Offum (2025). Estimating Tax Buoyancy for Nigeria in the light of Emerging Tax Reforms.
  13. G Osaka,I Masha,E Adamgbe (2003). Issues in Exchange Rate Policy: Economic and Political Considerations.

Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

Edu Phd. 2014. \u201cExchange Rate Management and the Survival of the Industrial Subsector of Nigeria (1990-2013)\u201d. Global Journal of Management and Business Research - A: Administration & Management GJMBR-A Volume 14 (GJMBR Volume 14 Issue A10): .

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GJMBR Volume 14 Issue A10
Pg. 13- 18
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Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

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December 20, 2014

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This study, exchange rate management and the survival of the industrial subsector of Nigeria, identifies weak productive base as a major problem facing the industrial sector. In view of the above problem, the objective of the study is to examine how devaluation of the naira affects the survival of the industrial subsector in Nigeria (1990Nigeria ( -2013) ) with the aim of proffering solutions of increased productivity in the economy. The study is anchored on balance of payment theory Secondary data used for this study were sourced from CBN statistical bulletin. Ordinary Least Square (OLS) regression method was used to examine the relationship between manufacturing capacity utilization (dependent variable) and exchange rate, export, GDP and inflation (independent variables). The result shows that manufacturing capacity utilization has positive relationship with exchange rate and export. The study recommends that manufacturing firms should embark on production of quality goods and the Government should encourage the development of local industrial subsector.

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Exchange Rate Management and the Survival of the Industrial Subsector of Nigeria (1990-2013)

Dr. Onyeizugbe Chinedu Uzochukwu
Dr. Onyeizugbe Chinedu Uzochukwu
Umeagugesi Uchenna Emmanuel
Umeagugesi Uchenna Emmanuel

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