Naira Devaluation And It’s Effect On Nigerian Economy

NAIRA DEVALUATION AND IT’S EFFECT ON NIGERIAN ECONOMY ABSTRACT This research critical examine the impact of Naira devaluation on economic growth in Nigeria.  That without exchange rate, the exchange of goods and services among trading partners will be focused with a lot of problems which may virtually narrow it down to trade by barter. Thus exchange rate is also used to determine the level of output growth of the country. Nigeria is one such economy where demand for locally produced goods is at such a pitiful level. This makes it difficult for the exportation of such goods to the economies the…