EXAMINING THE IMPACT OF EXCHANGE RATE VARIATION ON ECONOMIC GROWTH IN NIGERIA

Аннотация

This research examines the impact of exchange rate variation on economic growth in Nigeria. As a significant oil- exporting country, Nigeria is highly exposed to fluctuations in global oil prices, which influence its exchange rate dynamics. Exchange rate variations can affect various sectors of the economy, including trade, investment, inflation, and overall economic performance. Through a comprehensive analysis of macroeconomic data and econometric modeling, this study explores the relationship between exchange rate movements and economic growth in Nigeria. The findings shed light on the implications of exchange rate fluctuations for the Nigerian economy and offer insights for policymakers and stakeholders to foster sustainable economic growth amid exchange rate uncertainties. KEYWORDS Exchange rate variation, economic growth, Nigeria, oil-exporting country, global oil prices, trade, investment, inflation, macroeconomic data, econometric modeling, economic performance, sustainable growth, policymakers.