Download Tag: DEVALUATION


THE EFFECT OF DEVALUATION OF NAIRA IN NIGERIA ECONOMY

ABSTRACT Economist and Policy maker researchers had long believed that devaluation is one of the effective tools for improving the economy. This is because devaluation is expected to expand domestic Production, Promoting exports and replacing imports and as a result generating more jobs. But this is not so in the Nigeria experience. The rate of devaluation in the economy is great as many sector of economy has been attacked, many ...

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THE IMPACT OF DEVALUATION OF NAIRA ON NIGERIA’S BALANCE OF PAYMENTS

ABSTRACT The objective of this study is to access the impact of devaluation of the naira on Nigeria’s balance of payment. Before the dominance of the oil sector, particularly between 1960-1970, the balance of payment was less erratic. However, since 1970, the balance of payment has swunged at one time or the other from a position of strength to that of the weakness with a decline in foreign exchange earnings. ...

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