Effects Of Exchange Rate Fluctuation On Economic Growth In Nigeria

CHAPTER ONE                                    INTRODUCTION 1.1 Background of the study Exchange rate tends to be paramount to every country because it contributes to the economic development of nations by influencing the amount of foreign exchange reserves as well as the level of imports a country can afford. The subject of exchange rate fluctuation came to surface and became a topical issue in Nigeria because it is the goal of every economy to have a stable rate of exchange with its trading partners. In Nigeria, this goal was not realized in spite of the fact that they embarked on the devalu…