Abstract
This study empirically investigates the impact of exchange rate on the Nigeria External sector (the balance of payments position) using the Ordinary Least Square (OLS) method of estimation for data covering the period between 1970 and 2012. We found that exchange rate has a significant impact on the balance of payments position. The exchange rate depreciation can actually lead to improved balance of payments position if fiscal discipline is imposed. We also found out that improper allocation and misuse of domestic credit, fiscal indiscipline, and lack of appropriate expenditure control policies due to centralization of power in government are some of the causes of persistent balance of payments deficits in Nigeria. We recommend that appropriate monitoring machineries be set up to ensure judicious use of credit and available foreign exchange. Exchange rate policies have to be used along with the fiscal and monetary instruments to get meaningful results. This implies that our balance of payments problems can be solved simultaneously from two angles, namely, boosting supply and managing demand. Export diversification and promotion, import substitution and frivolous import restriction cannot be over emphasized.
ABSTRACT
With civilization and urbanization on the increase in Nigeria today and also freedom from parents enjoyed by youths and students...
ABSTRACT
The plant Spermacoce verticillata is used in ethnomedicine for the treatment of itches, diarrhoea, sores and other ailments. The...
Background Of The Study
From time immemorial, transportation services have been an absolute necessity f...
ABSTRACT
This project work sought to find out how family size influences the academic performance of students in sec...
ABSTRACT
This study was carried out to examine the modern office equipments and their...
Abstract
This study attempts to examine Stigmatization and Alienation of Unmarried Teenage Mothers in Sub-Cultu...
INTRODUCTION
Globally, Malaria is likely one of the first illnesses known to humans and has had a significant influence...
ABSTRACT
This study examine the electronic tax system, tax compliance and revenue collection efficiency...
Background to the Study
Education is very important for the development of individuals and the society. In realization o...
Background to the Study
Legumes are nutritious and economical sources of protein for population of developing countries...