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Friday, May 15, 2020 | History

2 edition of naira exchange rate adjustment and the promotion of non-oil exports in Nigeria. found in the catalog.

naira exchange rate adjustment and the promotion of non-oil exports in Nigeria.

A. Sesan Ayodele

naira exchange rate adjustment and the promotion of non-oil exports in Nigeria.

by A. Sesan Ayodele

  • 307 Want to read
  • 14 Currently reading

Published by Nigerian Institute of Social and Economic Research (NISER) in Ibadan .
Written in English

    Places:
  • Nigeria.
    • Subjects:
    • Foreign exchange -- Nigeria.,
    • Foreign trade promotion -- Nigeria.

    • Edition Notes

      Includes bibliographical references (p. 48-[50]).

      SeriesNISER monograph series ;, no. 15, 1997, N.I.S.E.R. monograph series ;, 1997, no. 15.
      ContributionsNigerian Institute of Social and Economic Research
      Classifications
      LC ClassificationsHG3873.N6 A97 1997
      The Physical Object
      Pagination49, [1] p. ;
      Number of Pages49
      ID Numbers
      Open LibraryOL469824M
      ISBN 109781811706
      LC Control Number98192094

      Such export policy includes export promotion strategies in which incentives weregiven for the promotion of non-oil exports particularly agriculture and labour intensivemanufactures. As noted by Carneiro and Arbache () and Rama (), export promotionimproves employment level in countries embracing the strategies. The deterioration of Nigeria’s balance of payments since the late ’s has in one way or the other been associated with the exchange rate. This has led to a number of heated debates as to whether Nigeria should devalue her currency or not as .

      The Central Bank of Nigeria said Friday's decision to peg the exchange rate of the Naira at N to the dollar is not a devaluation of the Nigerian currency. The CBN governor, Godwin Emefiele, said on Saturday that the new exchange rate at the Investors and Exporters (I&E) foreign exchange window was only an adjustment of the rate. They included the export development fund, grant and the export adjustment fund. Specifically, the export development fund was a special fund provided by the government to offer financial assistance to Nigerian exporting companies to cover part of their expenses in all export promotion activities.

      70% of total revenue while non-oil export account for about 5% export earnings. Non-oil export is greatly handicapped generally by inadequate finance and bank credit in particular. According to [1], the rate of interest for credit extended to non-oil export is usually high, ranging between %. As a result.   MOST Nigerians say the only way out of this recession is to increase our non-oil exports. The Nigerian Export Promotion Council (NEPC) headed by Mr. Segun Awolowo, recently unfolded a Zero Oil.


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Naira exchange rate adjustment and the promotion of non-oil exports in Nigeria by A. Sesan Ayodele Download PDF EPUB FB2

Get free Research Paper on Impact Of Exchange Rate Policy On Non-Oil Exports In The Nigerian Economy () project topics and materials in Nigeria. This is approved for students in accountancy, business, computer science, economics, engineering, arts.

The importance, effect, causes, relationship, comparison, history, role, solutions are discussed. II.2 Exchange Rate Movements and Trade Flows In Nigeria II Exchange Rate Movements The naira was introduced in to replace the Nigerian pound and the exchange rate was fixed at N to US$1.

The Naira exchange rate was fixed for most part of the s up to However, with the introduction of the structural adjustment program (SAP) in. On this basis, the paper utilized ARDL econometric approach to examine the impact of exchange rate volatility on non-oil export performance in Nigeria covering the period to government during the introduction of the Structural Adjustment Programme (SAP), the foreign the government has deliberately reduced the value of Naira as an export promotion strategy.

These efforts have however proven futile as the stock of exports analyse the relationship between exchange rate and non-oil exports in Nigeria using. The co-integration results revealed that non-oil exports and the fundamental variables had a stable long-run equilibrium relationship.

With the use of quarterly data for a twenty year period, it was shown from the vector co-integration estimates that the naira exchange rate volatility decreased non-oil exports by %, while the same estimate for the US dollar volatility Cited by: 1.

This study examines the contribution of non oil export to the growth of the Nigerian economy for the period The economy is experiencing a fall in exchange earning, a fall in GDP. factors that impede non-oil export growth.

Sorsa () analyses Algerian non-oil export promotion issues in presence of oil sector dominancy of the economy and revealed that appreciation of real exchange rate is the main factor that impedes non-oil export File Size: KB.

Non-oil export and Economic growth in Nigeria () Abogan O P1, Akinola E B2, Baruwa O I3* polices regarding non oil exports in Nigeria in the period under study. Post Sap Era large depreciation in naira exchange rate and theCited by: in oil price imp act on Nigeria’s naira exchange rate with respect to the US dollar.

We utilized We utilized daily data for the period 12/07//08/ The performance of the non-oil export sector in the past three decades leaves little or nothing to be desired, in spite of the efforts to promote non-oil exports in Nigeria.

Abogan, Akinola and Baruwa () note that an assessment of the trend and patterns of activities in the non-oil sector of NigeriaAuthor: Nwankwo, Fcib Odi. Exchange Rate Policy and Nigeria's Economic Growth: A Granger Causality Impact Assessment Article (PDF Available) January with 4, Reads How we measure 'reads'.

Nigeria - Non-oil export prospects (English) Abstract. This report examines the export potential of Nigeria's principal non-oil sectors, agriculture and manufacturing.

The evolution of the export structure is described, and existing export promotion policies are reviewed. In addition, the report examines.

Egwaikhide A. (): The naira Exchange Rate Adjustment and the Promotion of Non-Oil Exports in Nigeria. NISER Monograph Series Elsner B.

(): Foreign Exchange Management in Nigeria. Central Bank of Nigeria Economic and Financial Review. Vol. 20, No. Using quarterly observations for twenty years, vector cointegration estimate revealed that the naira exchange rate volatility decreased non oil exports by % while the same estimate for the US dollar volatility increased export of non oil in Nigeria by % in the year The study examines the contribution of Foreign Direct Investment (FDI) to the performance of non-oil exports in Nigeria within the framework of the export-led growth (ELG) hypothesis.

Available evidence in Nigeria supports that the bulk of FDI inflow into the country goes to the oil sector of the economy.

Nigerian non-oil exports. Arize, Osang, and Slottje () found a significant negative relationship between increases in exchange rate volatility and exports in developing countries. Servén () showed that real exchange rate volatility negatively affects investment in a large panel of developing countries.

information on the relationship between trade flows and exchange rate dynamics in Nigeria. Inthe Federal government of Nigeria liberalized the exchange rate system. In theory, this means that the naira is free to float against other currencies.

In practice, the government still attempts to manage the rate of the naira against the US by: 7. exchange rate fluctuations and trade flows in nigeria: a time series econometric model an msc project research submitted to the department of economics, faculty of the social sciences, university of nigeria, nsukka, in partial fulfilment of the requirements for the award of master of science () degree in economics by ngene, amuche nnennaFile Size: 1MB.

The constant fine-tuning of the market culminated in the complete floating of the naira on March 5, when the system of pre-determined quotas was discontinued. The unabating pressure on the foreign exchange market resulted in the policy reversal in The reversal of policy in to that of "guided deregulation" necessitated the.

For instance, cocoa accounted for about 50 percent of Nigeria’s non-oil export in ). Maintaining a realistic exchange rate for exporters regardless of trade and foreign exchange rate regime is the first requirement for export development and for sound investment planning and for attracting meaningful foreign investment into the country.

volatility on non-oil exports in Nigeria, (1)–(4). The paper confirms the existence of statistically significant relationship between real exports and exchange rate volatility. The results show that exchange rate, exchange rate volatility and foreign income have significant positive effects on non-oil exports in the long run.

Imports, on.According to export market analysts, the growth in non-oil exports in the last few years has been enormous, rising from $1 billion in to $ billion ina development, they attributed to the favourable policy matrix of government made possible during Okonjo-Iweala’s first term as finance minister.Trade Policies, Exchange Rate and Developing Country’s Real Sector Export Performance.

Exchange Rate and Developing Country The Impact of Exchange Rate on Nigeria Non-Oil Exports. June