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

Authors

  • Dr. Onyeizugbe Chinedu Uzochukwu

Keywords:

Abstract

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 (1990-2013) 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.

How to Cite

Dr. Onyeizugbe Chinedu Uzochukwu. (2014). Exchange Rate Management and the Survival of the Industrial Subsector of Nigeria (1990-2013). Global Journal of Management and Business Research, 14(A10), 13–18. Retrieved from https://journalofbusiness.org/index.php/GJMBR/article/view/1480

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

Published

2014-05-15