Naira Exchange Rate Depreciation And Domestic Inflation In Nigeria

CHAPTER ONE INTRODUCTION 1.1            BACKGROUND TO THE STUDY The naira exchange rate depreciation coupled with persist increase in the inflationary rate has been a major bane on economy of Nigeria.  To a layman inflation is a phenomena to embrace as his income increases daily without knowing the harmful side of such an increase.  Whether there is anything like depreciation or an improvement in the exchange or whether is income is nominal or real the layman do not know. But this complementary problems so to say of naira exchange rate depreciation and inflation has been a thought of obesity …