ABSTRACT
This project work has critically highlighted the compact of the Role of Banks International Trade in Nigeria, the problems affecting the Role in Banks in international trade in Nigeria have been identified and how they can be controlled is also includes in the study and ways to solve them are inductive in the study. The work is organized into chapters to easy comprehension and deduction. Chapter one deals with the introduction, Background, statement of problems, purpose / objective of the study, significance of the study, limitations of the study and the definition of terms. Chapter two involves a review of related literature, international trade, roles, risk factor in international trade, major problems, trade restriction major and international trade problems. This chapter also treat, the important of international trade, and some underline issues towards the international trade problem in Nigeria. Chapter three deals with research design and methodology, source of data, location of data method of data collection. Chapter four involves summary of finding where we summarize everything in this project. Chapter five examines the lapses and recommends some viable points (s) that can also contribute to the image of the industry.
TABLE OF CONTENTS
CHAPTER ONE
Introduction
1.1 Background of Study
1.2 Statement of the problem
1.3 Objective of the study
1.4 Research Questions
1.5 Assumption of the study
1.6 Scope of Study
1.7 Significance of the Study
1.8 Limitation of the study
1.9 Definition of Terms
Reference
CHAPTER TWO
Review of Related Literature
2.2 The role of banks in international trade in Nigeria
2.1 Definition of banks and international trade
2.2 Types of banks
2.3 Causes and problems of banks role in international trade
CHAPTER THREE
RESEARCH METHODOLOGY
1.0 Source of Data
3.1 Location of Data
3.3 Method of Data Collection
3.4 Analysis of Data
CHAPTER FOUR
2.0 Findings
Reference
CHAPTER FIVE
5.1 Summary
5.2 Conclusions and Recommendations
5.3 Suggestions for Further Research
Bibliography:
CHAPTER ONE
INTRODUCTION
This project write–up, “The role of Banks in international Trade”, is written to provide a guide sufficiently instructive in scope to meet the need for Banks, Economist in International Trade.
Among the important topics examined are if there are various relationship, role that exist between banks and international trade in Nigeria, nature of international economics, international trade, difference between international trade and internal trade, problems facing international trade in the banks sector.
1.1 BACKGROUND OF THE STUDY.
Nigeria before and even since the British Colonialist of our country has been engaged in international trade. But it was obviously spelt out during the British Colonialist that was in the 15th century termed legitimate trade.
This was until 1960 during which Nigeria got its independence. This means that, Nigeria was no longer controlled solely by the dictates of the British Government Ever since then legitimate trade to the Nigerian was changed to international trade of which Banks has a major role to play in it.
Nigeria since the oil boom in the early 70’s has been enjoying Nigeria and across the country. Diversifying its economy.
Apart fro international trade, and as a result of climatic factors, Nigeria needs international trade to diversify, accelerate its economic development in the country.
International trade ensures export expansion and import contraction coupled with the fact that it stimulates foreign exchange earnings, international recognition and the provision of employment opportunities for the teeming population.
International trade is synonymous with the production of goods and services for the benefit of trade across the country. Thus we have the banking institution, the food processing export/import trade and the sugar, tobacco export/import trade and that of petroleum export trade is not left behind. Therefore, international trade or external trade is a trade between two or more countries.
Example. Trade between Nigeria and USA as well as Ghana, India, Britain, Japan etc. trade between two countries is called bilateral trade, while trade between many countries is called multilateral trade.
International trade does not mean the exchange of goods and services within a country. The exchange of goods and services among the people of the same country is called home or internal trade. Example, all trading activities which take place within Nigeria in a home or internal trade.
External trade is established for the purpose of stabilizing nation’s economy standard if living.
External trade has been proved beyond doubts as very important for a nation’s survival therefore it is prevent that we explicably manifest how the role of banks can be employed for the development of these trade. In doing this, we will limit our study to short and long term scale institutions which are very important to the economy.
Short term scale institutions as defined by the central bank credit guidelines is, any service enterprise whose annual business turnover does not exceed N500,000.00 (five hundred thousand naira).
There is no definition for long term scale institutions as these did not attract the direct emphasis of the CBN.
The role of banks in international trade development of Nigeria, could be seen through the various services which these banks provide for the sustenance of international trade in the country.
These services include the provision of capital for these exporter/importers in the business inform of loans, such as short term loans, medium and long term loans, which the traders could use to finance their business goals.
The banks also provide overdraft facilities, which are necessary to finance the working capital of the business.
An overdraft could be defined as an arrangement whereby the banks allow their customers to over-draw his account up to a credit position at the end of the period, while short term loans refer to loans granted for periods between one to five years. Then medium and long term loans are granted for periods between five to ten years, even ten years respectively.
Apart from granting loans and over drafts facilities, there are still other roles which banks could play in international trade development in Nigeria. These roles include professional advice, opening of documentary letters of credit (L/CS), bills for collection and negotiation/open account and bills of exchange, foreign exchange example travelers cheques and foreign currencies, information on trade and exchange restrictions, collection and transfer of funds status enquires, etc. above all the determination of the actual external funds required by an export/import borrower. There are accepts of such services which help international trade growth or expansion.
It is not for fetched that the exporters/importers of international trade suffer their own bank problems, which should be analyzed and solved to ensure international trade development. These problems such as the problem of corruption in banking parastatals, obtaining capital from and operational problems which are coursed by the dictates of the Nigeria environment and society.
The irrational problem of manpower requirement and the poor knowledge of trade across these external traders help to compound the general problems of international trade development of which bank services can be gainfully employed for the purpose of solving them.
Addition to the problems is lost of trust ship among the members or cooperators of the trade fraudulent acts among members.
In all, these problems the worst is the problems of unstable political contradictions.
These problems should be totally exterminated by the government, and the society entirely to ensure the steady growth of this important sector of the business of the economy.
It has been noticed that the level of banks institutions financing has been vary poor compared with is obtained in developed nations such as America (USA), Germany but few. The central bank of Nigeria (C. B. N) should step up their moral suasion policy so as to make these banks especially the commercial banks to increase the level of their financing of exporter/importers members.
In increasing this level of their financing emphasis should be placed on medium and long term loans to enable these traders concretize their investments for better results in its outputs; though the commercial banks borrow short from their deposits, the commercial banks who also declare excess profits at the end of each year should expand a lending pattern for medium and long terms loans without adversely affecting their liquidity ratios.
With the funds available from the banks, international traders should be made to judiciously invest them and with other important a sound, solid firm and concrete foundation must be laid for the international development of the country.
1.2 STATEMENT OF PROBLEM
The Nigerian Banks is a pillar in the roles contributed to international trade in Nigeria. The Nigerian banks have various established institutions that enhance the growth of international trade.
Commercial banks, merchant banks, development banks, are one of the banks instruments that hold a vital role in external trade and have been branched all over Nigerian states. The contribution of the above banks to international trade has been a satisfactory type. Most importers and exporters dances to tune of these banks.
Why have these very banks so appetizing to the society and the world at large? Is the success as a result of the banks efforts in it’s operations?
Why do importers/exporters prefer it to other financing institutions?
1.3 OBJECTIVES OF THE STUDY
1. To find out if commercial banks play any role in international trade in Nigeria.
2. To find out if merchant banks play any role in international trade in Nigeria.
3. To find out if development banks play any role in international trade in Nigeria.
4. To find out if commercial banks play any role in international trade.
5. And equally to find out if people’s bank play any role in international trade in Nigeria.
1.4 RESEARCH QUESTION
1. What role do commercial banks play in international trade?
2. What role do merchant banks play in international trade?
3. What role do development banks play in international trade?
4. What role do community banks play in international trade?
5. What role do people’s bank play in international trade?
1.5 ASSUMPTION OF THE STUDY
It is assumed that in this research the secondary data collected is correct and reliable.
The procedure and method used is correct and reliable.
1.6 SCOPE OF STUDY
Area of coverage The role of banks in international trade in Nigeria . Banks method of contribution to international trade in Nigeria.
Why international trade in Nigeria?
Advantages of international trade in Nigeria.
1.7 SIGNIFICANCE OF THE STUDY
Today, the government parastatals, banking sectors and the society are all hands on deck to enhance the international trade development and growth of Nigerians economy.
The research study will be of high benefit to banking sectors, importers/exporters and to the society in general to embark of the effectiveness of their business, which inturn will change of the society. Also the study will determine the census and problems of banks role in international trade in Nigeria and thereby should be taken as a corrective measure.
Through this investigation, therefore, the banks and the society will then know their weak points and willingly adopt measure aimed at enhancing it’s business effectiveness.
The government will be in the position to adopt the right strategies to enable the society achieve it’s business expectations or goals.
1.9 DEFINITION OF TERMS.
(a) International Trade: As described by the Author,
Norbert M Ile in his published test “Economics of business studies” (1999, P. 278) defines an international trade or external trade as “a trade between two or more countries; it is the exchange of goods and services between two or more countries”.
(b) Banking Institution: We can define a bank as
any organization that handles people’s money. It is a dealer in debts, but indebtedness has a correlation to wealth and hence, a bank can be described as a liquefier of wealth.
c) Role: It is defined as “actors in a play; persons
task or duty in undertaking.
(d) Foreign Exchange: This is a process by which a country exchanges it’s goods/services to another country’s goods/services.
(e) Overdraft: This is a system whereby a customer drawns more money then he has to his credit in a bank.
(f) Economy:It is a system of control and management of the money goods and other resources of a society.
HOW TO GET THE FULL PROJECT WORK
PLEASE, print the following instructions and information if you will like to order/buy our complete written material(s).
HOW TO RECEIVE PROJECT MATERIAL(S)
After paying the appropriate amount (#10000) into our bank Account below, send the following information to
08068231953 or 08168759420
(1) Your project topics
(2) Email Address
(3) Payment Name
(4) Teller Number
We will send your material(s) immediately we receive bank alert
BANK ACCOUNTS
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 0046579864
Bank: GTBank.
OR
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 2023350498
Bank: UBA.
HOW TO IDENTIFY SCAM/FRAUD
As a result of fraud in Nigeria, people don’t believe there are good online businesses in Nigeria.
But on this site, we have provided “table of content and chapter one” of all our project topics and materials in order to convince you that we have the complete materials.
Secondly, we have provided our Bank Account on this site. Our Bank Account contains all information about the owner of this website. For your own security, all payment should be made in the bank.
No Fraudulent company uses Bank Account as a means of payment, because Bank Account contains the overall information of the owner
CAUTION/WARNING
Please, DO NOT COPY any of our materials on this website WORD-TO-WORD. These materials are to assist, direct you during your project. Study the materials carefully and use the information in them to develop your own new copy. Copying these materials word-to-word is CHEATING/ ILLEGAL because it affects Educational standard, and we will not be held responsible for it. If you must copy word-to-word please do not order/buy.
That you ordered this material shows you have agreed not to copy word-to-word.
FOR MORE INFORMATION, CALL:
08068231953 or 08168759420
Visit any of our project websites below:
www.easyprojectmaterials.com
www.easyprojectmaterials.com.ng
www.easyprojectmaterial.net
www.easyprojectmaterial.net.ng
www.easyprojectsolutions.com
www.worldofnolimit.com
www.worldofnolimit.com
www.nairaproject.com.ng
www.nairaprojects.com.ng
www.nairaproject.net
www.nairaprojects.net
www.uniproject.com.ng
www.uniprojects.com.ng
Tags: THE ROLES OF BANKS IN INTERNATIONAL TRADE
ABSTRACT
This project work has critically highlighted the compact of the Role of Banks International Trade in Nigeria, the problems affecting the Role in Banks in international trade in Nigeria have been identified and how they can be controlled is also includes in the study and ways to solve them are inductive in the study. The work is organized into chapters to easy comprehension and deduction. Chapter one deals with the introduction, Background, statement of problems, purpose / objective of the study, significance of the study, limitations of the study and the definition of terms. Chapter two involves a review of related literature, international trade, roles, risk factor in international trade, major problems, trade restriction major and international trade problems. This chapter also treat, the important of international trade, and some underline issues towards the international trade problem in Nigeria. Chapter three deals with research design and methodology, source of data, location of data method of data collection. Chapter four involves summary of finding where we summarize everything in this project. Chapter five examines the lapses and recommends some viable points (s) that can also contribute to the image of the industry.
TABLE OF CONTENTS
CHAPTER ONE
Introduction
1.1 Background of Study
1.2 Statement of the problem
1.3 Objective of the study
1.4 Research Questions
1.5 Assumption of the study
1.6 Scope of Study
1.7 Significance of the Study
1.8 Limitation of the study
1.9 Definition of Terms
Reference
CHAPTER TWO
Review of Related Literature
2.2 The role of banks in international trade in Nigeria
2.1 Definition of banks and international trade
2.2 Types of banks
2.3 Causes and problems of banks role in international trade
CHAPTER THREE
RESEARCH METHODOLOGY
1.0 Source of Data
3.1 Location of Data
3.3 Method of Data Collection
3.4 Analysis of Data
CHAPTER FOUR
2.0 Findings
Reference
CHAPTER FIVE
5.1 Summary
5.2 Conclusions and Recommendations
5.3 Suggestions for Further Research
Bibliography:
CHAPTER ONE
INTRODUCTION
This project write–up, “The role of Banks in international Trade”, is written to provide a guide sufficiently instructive in scope to meet the need for Banks, Economist in International Trade.
Among the important topics examined are if there are various relationship, role that exist between banks and international trade in Nigeria, nature of international economics, international trade, difference between international trade and internal trade, problems facing international trade in the banks sector.
1.1 BACKGROUND OF THE STUDY.
Nigeria before and even since the British Colonialist of our country has been engaged in international trade. But it was obviously spelt out during the British Colonialist that was in the 15th century termed legitimate trade.
This was until 1960 during which Nigeria got its independence. This means that, Nigeria was no longer controlled solely by the dictates of the British Government Ever since then legitimate trade to the Nigerian was changed to international trade of which Banks has a major role to play in it.
Nigeria since the oil boom in the early 70’s has been enjoying Nigeria and across the country. Diversifying its economy.
Apart fro international trade, and as a result of climatic factors, Nigeria needs international trade to diversify, accelerate its economic development in the country.
International trade ensures export expansion and import contraction coupled with the fact that it stimulates foreign exchange earnings, international recognition and the provision of employment opportunities for the teeming population.
International trade is synonymous with the production of goods and services for the benefit of trade across the country. Thus we have the banking institution, the food processing export/import trade and the sugar, tobacco export/import trade and that of petroleum export trade is not left behind. Therefore, international trade or external trade is a trade between two or more countries.
Example. Trade between Nigeria and USA as well as Ghana, India, Britain, Japan etc. trade between two countries is called bilateral trade, while trade between many countries is called multilateral trade.
International trade does not mean the exchange of goods and services within a country. The exchange of goods and services among the people of the same country is called home or internal trade. Example, all trading activities which take place within Nigeria in a home or internal trade.
External trade is established for the purpose of stabilizing nation’s economy standard if living.
External trade has been proved beyond doubts as very important for a nation’s survival therefore it is prevent that we explicably manifest how the role of banks can be employed for the development of these trade. In doing this, we will limit our study to short and long term scale institutions which are very important to the economy.
Short term scale institutions as defined by the central bank credit guidelines is, any service enterprise whose annual business turnover does not exceed N500,000.00 (five hundred thousand naira).
There is no definition for long term scale institutions as these did not attract the direct emphasis of the CBN.
The role of banks in international trade development of Nigeria, could be seen through the various services which these banks provide for the sustenance of international trade in the country.
These services include the provision of capital for these exporter/importers in the business inform of loans, such as short term loans, medium and long term loans, which the traders could use to finance their business goals.
The banks also provide overdraft facilities, which are necessary to finance the working capital of the business.
An overdraft could be defined as an arrangement whereby the banks allow their customers to over-draw his account up to a credit position at the end of the period, while short term loans refer to loans granted for periods between one to five years. Then medium and long term loans are granted for periods between five to ten years, even ten years respectively.
Apart from granting loans and over drafts facilities, there are still other roles which banks could play in international trade development in Nigeria. These roles include professional advice, opening of documentary letters of credit (L/CS), bills for collection and negotiation/open account and bills of exchange, foreign exchange example travelers cheques and foreign currencies, information on trade and exchange restrictions, collection and transfer of funds status enquires, etc. above all the determination of the actual external funds required by an export/import borrower. There are accepts of such services which help international trade growth or expansion.
It is not for fetched that the exporters/importers of international trade suffer their own bank problems, which should be analyzed and solved to ensure international trade development. These problems such as the problem of corruption in banking parastatals, obtaining capital from and operational problems which are coursed by the dictates of the Nigeria environment and society.
The irrational problem of manpower requirement and the poor knowledge of trade across these external traders help to compound the general problems of international trade development of which bank services can be gainfully employed for the purpose of solving them.
Addition to the problems is lost of trust ship among the members or cooperators of the trade fraudulent acts among members.
In all, these problems the worst is the problems of unstable political contradictions.
These problems should be totally exterminated by the government, and the society entirely to ensure the steady growth of this important sector of the business of the economy.
It has been noticed that the level of banks institutions financing has been vary poor compared with is obtained in developed nations such as America (USA), Germany but few. The central bank of Nigeria (C. B. N) should step up their moral suasion policy so as to make these banks especially the commercial banks to increase the level of their financing of exporter/importers members.
In increasing this level of their financing emphasis should be placed on medium and long term loans to enable these traders concretize their investments for better results in its outputs; though the commercial banks borrow short from their deposits, the commercial banks who also declare excess profits at the end of each year should expand a lending pattern for medium and long terms loans without adversely affecting their liquidity ratios.
With the funds available from the banks, international traders should be made to judiciously invest them and with other important a sound, solid firm and concrete foundation must be laid for the international development of the country.
1.2 STATEMENT OF PROBLEM
The Nigerian Banks is a pillar in the roles contributed to international trade in Nigeria. The Nigerian banks have various established institutions that enhance the growth of international trade.
Commercial banks, merchant banks, development banks, are one of the banks instruments that hold a vital role in external trade and have been branched all over Nigerian states. The contribution of the above banks to international trade has been a satisfactory type. Most importers and exporters dances to tune of these banks.
Why have these very banks so appetizing to the society and the world at large? Is the success as a result of the banks efforts in it’s operations?
Why do importers/exporters prefer it to other financing institutions?
1.3 OBJECTIVES OF THE STUDY
1. To find out if commercial banks play any role in international trade in Nigeria.
2. To find out if merchant banks play any role in international trade in Nigeria.
3. To find out if development banks play any role in international trade in Nigeria.
4. To find out if commercial banks play any role in international trade.
5. And equally to find out if people’s bank play any role in international trade in Nigeria.
1.4 RESEARCH QUESTION
1. What role do commercial banks play in international trade?
2. What role do merchant banks play in international trade?
3. What role do development banks play in international trade?
4. What role do community banks play in international trade?
5. What role do people’s bank play in international trade?
1.5 ASSUMPTION OF THE STUDY
It is assumed that in this research the secondary data collected is correct and reliable.
The procedure and method used is correct and reliable.
1.6 SCOPE OF STUDY
Area of coverage The role of banks in international trade in Nigeria . Banks method of contribution to international trade in Nigeria.
Why international trade in Nigeria?
Advantages of international trade in Nigeria.
1.7 SIGNIFICANCE OF THE STUDY
Today, the government parastatals, banking sectors and the society are all hands on deck to enhance the international trade development and growth of Nigerians economy.
The research study will be of high benefit to banking sectors, importers/exporters and to the society in general to embark of the effectiveness of their business, which inturn will change of the society. Also the study will determine the census and problems of banks role in international trade in Nigeria and thereby should be taken as a corrective measure.
Through this investigation, therefore, the banks and the society will then know their weak points and willingly adopt measure aimed at enhancing it’s business effectiveness.
The government will be in the position to adopt the right strategies to enable the society achieve it’s business expectations or goals.
1.9 DEFINITION OF TERMS.
(a) International Trade: As described by the Author,
Norbert M Ile in his published test “Economics of business studies” (1999, P. 278) defines an international trade or external trade as “a trade between two or more countries; it is the exchange of goods and services between two or more countries”.
(b) Banking Institution: We can define a bank as
any organization that handles people’s money. It is a dealer in debts, but indebtedness has a correlation to wealth and hence, a bank can be described as a liquefier of wealth.
c) Role: It is defined as “actors in a play; persons
task or duty in undertaking.
(d) Foreign Exchange: This is a process by which a country exchanges it’s goods/services to another country’s goods/services.
(e) Overdraft: This is a system whereby a customer drawns more money then he has to his credit in a bank.
(f) Economy:It is a system of control and management of the money goods and other resources of a society.
HOW TO GET THE FULL PROJECT WORK
PLEASE, print the following instructions and information if you will like to order/buy our complete written material(s).
HOW TO RECEIVE PROJECT MATERIAL(S)
After paying the appropriate amount (#5000) into our bank Account below, send the following information to
08068231953 or 08168759420
(1) Your project topics
(2) Email Address
(3) Payment Name
(4) Teller Number
We will send your material(s) immediately we receive bank alert
BANK ACCOUNTS
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 0046579864
Bank: GTBank.
OR
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 2023350498
Bank: UBA.
HOW TO IDENTIFY SCAM/FRAUD
As a result of fraud in Nigeria, people don’t believe there are good online businesses in Nigeria.
But on this site, we have provided “table of content and chapter one” of all our project topics and materials in order to convince you that we have the complete materials.
Secondly, we have provided our Bank Account on this site. Our Bank Account contains all information about the owner of this website. For your own security, all payment should be made in the bank.
No Fraudulent company uses Bank Account as a means of payment, because Bank Account contains the overall information of the owner
CAUTION/WARNING
Please, DO NOT COPY any of our materials on this website WORD-TO-WORD. These materials are to assist, direct you during your project. Study the materials carefully and use the information in them to develop your own new copy. Copying these materials word-to-word is CHEATING/ ILLEGAL because it affects Educational standard, and we will not be held responsible for it. If you must copy word-to-word please do not order/buy.
That you ordered this material shows you have agreed not to copy word-to-word.
FOR MORE INFORMATION, CALL:
08068231953 or 08168759420
Visit any of our project websites below:
www.easyprojectmaterials.com
www.easyprojectmaterials.com.ng
www.easyprojectmaterial.net
www.easyprojectmaterial.net.ng
www.easyprojectsolutions.com
www.worldofnolimit.com
www.worldofnolimit.com
www.nairaproject.com.ng
www.nairaprojects.com.ng
www.nairaproject.net
www.nairaprojects.net
www.uniproject.com.ng
www.uniprojects.com.ng
Tags: THE ROLES OF BANKS IN INTERNATIONAL TRADE
ABSTRACT
This work discusses background characteristics and work aspirations of casual labourers in some selected spots in Ilorin. A hundred and twenty questionnaires were distributed among people from selected areas in ilorin. Interviews and surveys were also conducted.
Primary and secondary data will be used in the analysis. Tables and percentages will also be used as the instrument of analysis
It will be observed therefore that there is a strong and significant relationship between background characteristics and work aspirations of casual labourers
.
TABLE OF CONTENT:
CHAPTER ONE
INTRODUCTION
1.1 Background of the Study
1.2 Statement of the Research Problem
1.3 Objectives of the Study
1.4 Significance of the Study
1.5 Research Questions
1.6 Research Hypothesis
1.7 Conceptual and Operational Definition
1.8 Assumptions
1.9 Limitations of the Study
CHAPTER TWO
LITERATURE REVIEW
2.1 Sources of Literature
2.2 The Review
2.3 Summary of Literature Review
CHAPTER THREE
RESEARCH METHODOLOGY
3.1 Research Method
3.2 Research Design
3.3 Research Sample
3.4 Measuring Instrument
3.5 Data Collection
3.6 Data Analysis
3.7 Expected Result
CHAPTER FOUR
DATA ANALYSIS AND RESULTS
4.1 Data Analysis
4.2 Results
4.3 Discussion
CHAPTER FIVE
SUMMARY AND RECOMMENDATIONS
5.1 Summary
5.2 Recommendations for Further Study
Bibliography
HOW TO GET THE FULL PROJECT WORK
PLEASE, print the following instructions and information if you will like to order/buy our complete written material(s).
HOW TO RECEIVE PROJECT MATERIAL(S)
After paying the appropriate amount (#20000) into our bank Account below, send the following information to
08139462710 or 08137701720
(1) Your project topics
(2) Email Address
(3) Payment Name
(4) Teller Number
We will send your material(s) immediately we receive bank alert
BANK ACCOUNTS
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 0046579864
Bank: GTBank.
OR
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 2023350498
Bank: UBA.
HOW TO IDENTIFY SCAM/FRAUD
As a result of fraud in Nigeria, people don’t believe there are good online businesses in Nigeria.
But on this site, we have provided “table of content and chapter one” of all our project topics and materials in order to convince you that we have the complete materials.
Secondly, we have provided our Bank Account on this site. Our Bank Account contains all information about the owner of this website. For your own security, all payment should be made in the bank.
No Fraudulent company uses Bank Account as a means of payment, because Bank Account contains the overall information of the owner
CAUTION/WARNING
Please, DO NOT COPY any of our materials on this website WORD-TO-WORD. These materials are to assist, direct you during your project. Study the materials carefully and use the information in them to develop your own new copy. Copying these materials word-to-word is CHEATING/ ILLEGAL because it affects Educational standard, and we will not be held responsible for it. If you must copy word-to-word please do not order/buy.
That you ordered this material shows you have agreed not to copy word-to-word.
FOR MORE INFORMATION, CALL:
08139462710 or 08137701720
YOU CAN ALSO CALL:
08068231953, 08168759420
Visit any of our project websites below:
www.easyprojectmaterials.com
www.easyprojectmaterials.com.ng
www.easyprojectmaterial.net
www.easyprojectmaterial.net.ng
www.easyprojectsolutions.com
www.worldofnolimit.com
www.worldofnolimit.com
www.nairaproject.com.ng
www.nairaprojects.com.ng
www.nairaproject.net
www.nairaprojects.net
www.uniproject.com.ng
www.uniprojects.com.ng
Tags: BACKGROUND CHARACTERISTICS AND WORK ASPIRATIONS OF CASUAL LABOURERS IN SOME SELECTED SPOTS IN ILORIN
ABSTRACT
This work discusses background characteristics and work aspirations of casual labourers in some selected spots in Ilorin. A hundred and twenty questionnaires were distributed among people from selected areas in ilorin. Interviews and surveys were also conducted.
Primary and secondary data will be used in the analysis. Tables and percentages will also be used as the instrument of analysis
It will be observed therefore that there is a strong and significant relationship between background characteristics and work aspirations of casual labourers
.
TABLE OF CONTENT:
CHAPTER ONE
INTRODUCTION
1.1 Background of the Study
1.2 Statement of the Research Problem
1.3 Objectives of the Study
1.4 Significance of the Study
1.5 Research Questions
1.6 Research Hypothesis
1.7 Conceptual and Operational Definition
1.8 Assumptions
1.9 Limitations of the Study
CHAPTER TWO
LITERATURE REVIEW
2.1 Sources of Literature
2.2 The Review
2.3 Summary of Literature Review
CHAPTER THREE
RESEARCH METHODOLOGY
3.1 Research Method
3.2 Research Design
3.3 Research Sample
3.4 Measuring Instrument
3.5 Data Collection
3.6 Data Analysis
3.7 Expected Result
CHAPTER FOUR
DATA ANALYSIS AND RESULTS
4.1 Data Analysis
4.2 Results
4.3 Discussion
CHAPTER FIVE
SUMMARY AND RECOMMENDATIONS
5.1 Summary
5.2 Recommendations for Further Study
Bibliography
HOW TO GET THE FULL PROJECT WORK
PLEASE, print the following instructions and information if you will like to order/buy our complete written material(s).
HOW TO RECEIVE PROJECT MATERIAL(S)
After paying the appropriate amount (#25000) into our bank Account below, send the following information to
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Tags: BACKGROUND CHARACTERISTICS AND WORK ASPIRATIONS OF CASUAL LABOURERS IN SOME SELECTED SPOTS IN ILORIN
ABSTRACT
This work researched on stimulating Nigeria workers through motivation in a depressed economy (a case study of Nigeria Universities). A hundred and twenty questionnaires were distributed among students and lecturers from selected universities in Nigeria. Interviews and surveys were also conducted. Primary and secondary data were used in the analysis. Tables and percentages were used as the instrument of analysis.It was observed therefore that motivation have a significant positive impact on workers in a depressed economy. Also, there is a strong positive relationship between workers motivation and productivity in a depressed economy.
TABLE OF CONTENT:
CHAPTER ONE
INTRODUCTION
1.1 Background of the Study
1.2 Statement of the Research Problem
1.3 Objectives of the Study
1.4 Significance of the Study
1.5 Research Questions
1.6 Research Hypothesis
1.7 Conceptual and Operational Definition
1.8 Assumptions
1.9 Limitations of the Study
CHAPTER TWO
LITERATURE REVIEW
2.1 Sources of Literature
2.2 The Review
2.3 Summary of Literature Review
CHAPTER THREE
RESEARCH METHODOLOGY
3.1 Research Method
3.2 Research Design
3.3 Research Sample
3.4 Measuring Instrument
3.5 Data Collection
3.6 Data Analysis
3.7 Expected Result
CHAPTER FOUR
DATA ANALYSIS AND RESULTS
4.1 Data Analysis
4.2 Results
4.3 Discussion
CHAPTER FIVE
SUMMARY AND RECOMMENDATIONS
5.1 Summary
5.2 Recommendations for Further Study
Bibliography
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Tags: STIMULATING NIGERIA WORKERS THROUGH MOTIVATION IN A DEPRESSED ECONOMY (A CASE STUDY OF NIGERIA UNIVERSITIES)
ABSTRACT
This work researched on stimulating Nigeria workers through motivation in a depressed economy (a case study of Nigeria Universities). A hundred and twenty questionnaires were distributed among students and lecturers from selected universities in Nigeria. Interviews and surveys were also conducted. Primary and secondary data were used in the analysis. Tables and percentages were used as the instrument of analysis.It was observed therefore that motivation have a significant positive impact on workers in a depressed economy. Also, there is a strong positive relationship between workers motivation and productivity in a depressed economy.
TABLE OF CONTENT:
CHAPTER ONE
INTRODUCTION
1.1 Background of the Study
1.2 Statement of the Research Problem
1.3 Objectives of the Study
1.4 Significance of the Study
1.5 Research Questions
1.6 Research Hypothesis
1.7 Conceptual and Operational Definition
1.8 Assumptions
1.9 Limitations of the Study
CHAPTER TWO
LITERATURE REVIEW
2.1 Sources of Literature
2.2 The Review
2.3 Summary of Literature Review
CHAPTER THREE
RESEARCH METHODOLOGY
3.1 Research Method
3.2 Research Design
3.3 Research Sample
3.4 Measuring Instrument
3.5 Data Collection
3.6 Data Analysis
3.7 Expected Result
CHAPTER FOUR
DATA ANALYSIS AND RESULTS
4.1 Data Analysis
4.2 Results
4.3 Discussion
CHAPTER FIVE
SUMMARY AND RECOMMENDATIONS
5.1 Summary
5.2 Recommendations for Further Study
Bibliography
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Tags: STIMULATING NIGERIA WORKERS THROUGH MOTIVATION IN A DEPRESSED ECONOMY (A CASE STUDY OF NIGERIA UNIVERSITIES)
ABSTRACT
This work discusses the effect of stress on employees performance in nigeria polytechnics (a case study of gateway poly saapade, ogun state). A hundred and twenty questionnaires were distributed among employees from gateway poly saapade, ogun state. Interviews and surveys were also conducted.
Primary and secondary data will be used in the analysis. Tables and percentages will also be used as the instrument of analysis
It will be observed therefore that stress have a strong and significant impact on employees performance in nigeria polytechnics
.
TABLE OF CONTENT:
CHAPTER ONE
INTRODUCTION
1.1 Background of the Study
1.2 Statement of the Research Problem
1.3 Objectives of the Study
1.4 Significance of the Study
1.5 Research Questions
1.6 Research Hypothesis
1.7 Conceptual and Operational Definition
1.8 Assumptions
1.9 Limitations of the Study
CHAPTER TWO
LITERATURE REVIEW
2.1 Sources of Literature
2.2 The Review
2.3 Summary of Literature Review
CHAPTER THREE
RESEARCH METHODOLOGY
3.1 Research Method
3.2 Research Design
3.3 Research Sample
3.4 Measuring Instrument
3.5 Data Collection
3.6 Data Analysis
3.7 Expected Result
CHAPTER FOUR
DATA ANALYSIS AND RESULTS
4.1 Data Analysis
4.2 Results
4.3 Discussion
CHAPTER FIVE
SUMMARY AND RECOMMENDATIONS
5.1 Summary
5.2 Recommendations for Further Study
Bibliography
HOW TO GET THE FULL PROJECT WORK
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OR
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Bank: UBA.
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Tags: OGUN STATE), THE EFFECT OF STRESS ON EMPLOYEES PERFORMANCE IN NIGERIA POLYTEHNICS (A CASE STUDY OF GATEWAY POLY SAAPADE
ABSTRACT
This work discusses the effect of stress on employees performance in nigeria polytechnics (a case study of gateway poly saapade, ogun state). A hundred and twenty questionnaires were distributed among employees from gateway poly saapade, ogun state. Interviews and surveys were also conducted.
Primary and secondary data will be used in the analysis. Tables and percentages will also be used as the instrument of analysis
It will be observed therefore that stress have a strong and significant impact on employees performance in nigeria polytechnics
.
TABLE OF CONTENT:
CHAPTER ONE
INTRODUCTION
1.1 Background of the Study
1.2 Statement of the Research Problem
1.3 Objectives of the Study
1.4 Significance of the Study
1.5 Research Questions
1.6 Research Hypothesis
1.7 Conceptual and Operational Definition
1.8 Assumptions
1.9 Limitations of the Study
CHAPTER TWO
LITERATURE REVIEW
2.1 Sources of Literature
2.2 The Review
2.3 Summary of Literature Review
CHAPTER THREE
RESEARCH METHODOLOGY
3.1 Research Method
3.2 Research Design
3.3 Research Sample
3.4 Measuring Instrument
3.5 Data Collection
3.6 Data Analysis
3.7 Expected Result
CHAPTER FOUR
DATA ANALYSIS AND RESULTS
4.1 Data Analysis
4.2 Results
4.3 Discussion
CHAPTER FIVE
SUMMARY AND RECOMMENDATIONS
5.1 Summary
5.2 Recommendations for Further Study
Bibliography
HOW TO GET THE FULL PROJECT WORK
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OR
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Account Number: 2023350498
Bank: UBA.
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Tags: OGUN STATE), THE EFFECT OF STRESS ON EMPLOYEES PERFORMANCE IN NIGERIA POLYTEHNICS (A CASE STUDY OF GATEWAY POLY SAAPADE
ABSTRACT
This research work is centred on the impact of exchange rate fluctuations on the prices of imported goods in Nigeria. Without exchange rate the exchange of goods and services among trading partners will be faced with a lot of problems, which may virtually narrow it down to trade by barter. This exchange also is used to determine the level of output growth of the country. Hence, the rate at which exchange fluctuates calls for a lot of attention. However, with already existing exchange rate policies, a constant exchange rate has not been attained. The rate by which exchange rate fluctuates brings about uncertainty in the trade transaction, and also the rate of naira has been unleashed and continues to depreciate. This has resulted to declines in standard of living of the population increase in costs of production (this is because most of the raw materials needed by industries are usually imported), which resulted in cost-push inflation. We made use of many tests, like the t-statistics table, f-statistic table and the chi-square etc. When we found out real exchange rate has a positive effect on the GDP.
TABLE OF CONTENT:
CHAPTER ONE
INTRODUCTION
1.1 Background of the Study
1.2 Statement of the Research Problem
1.3 Objectives of the Study
1.4 Significance of the Study
1.5 Research Questions
1.6 Research Hypothesis
1.7 Conceptual and Operational Definition
1.8 Assumptions
1.9 Limitations of the Study
CHAPTER TWO
LITERATURE REVIEW
2.1 Sources of Literature
2.2 The Review
2.3 Summary of Literature Review
CHAPTER THREE
RESEARCH METHODOLOGY
3.1 Research Method
3.2 Research Design
3.3 Research Sample
3.4 Measuring Instrument
3.5 Data Collection
3.6 Data Analysis
3.7 Expected Result
CHAPTER FOUR
DATA ANALYSIS AND RESULTS
4.1 Data Analysis
4.2 Results
4.3 Discussion
CHAPTER FIVE
SUMMARY AND RECOMMENDATIONS
5.1 Summary
5.2 Recommendations for Further Study
Bibliography___________________________
CHAPTER ONE
INTRODUCTION
BACKGROUND OF THE STUDY
The exchange rate is perhaps one of the most widely discussed topic in Nigeria today. This is not surprising given it’s macro-economic importance especially in a highly import dependent economy as Nigeria (Olisadebe, 1995:20). Macroeconomic policy formulation is a process by which the agencies responsible for the conduct of economic policies manipulate a set of instrumental variables in order to achieve some desire objectives.
In Nigeria these objectives include achievements of domestic price stability, balance of payment equilibrium, efficiency, equitable distribution of income and economic growth and development.
Economic growth refers to the continuous increase in a country’s national income or the total volume of goods and services, a good
indicator of economic growth is the increase in Gross National Product (GNP) over a long period of time. Economic development on the overhead implies both structural and functional transformation of all the economic indexes from a low to a high state (Siyan, 2000:150) one of the macro –economic variables of importance is the exchange rate policy country.
Exchange rate policy involves choosing where foreign transaction will take place (Obadan, 1996). Exchange rate policy is therefore a component of macroeconomic management policies the monetary authorities in any given economy uses to achieve internal balance in medium run. Specifically internal balance mean the level of economic activity that is consistent with the satisfactory control of inflation. On the contrary, external or sustainable current account deficit financed on lasting basis expected capital inflow.
It is important to know that economic objectives are usually the main consideration in determining the exchange control. For instance from 1982 – 1983, the Nigerian currency was pegged to the British pound sterling on a 1.1 ration. Before then, the Nigerian naira has been devalued by 10%. Apart from this policy measures discussed above, the Central Bank of Nigeria (CBN) applied the basket of currencies approach from 1979 as the guide in determining the exchange rate was determined by the relative strength of the currencies of the country’s trading partner and the volume of trade with such countries. Specifically weights were attached to these countries with the American dollars and British pound sterling on the exchange rate mechanism (CBN, 1994). One of the objectives of the various macro
– economic policies adopted under the structural adjustment programme (SPA) in July, 1986 was to establish a realistic and sustainable exchange rate for the naira, this policy was
recommended in 1986 by the International Monetary Fund (IMF). On exchange mechanism and was adopted in 1986.
The key element of structural adjustment programme (SAP) was the free market determination of the naira exchange rate through an auction system.
This was the beginning of the unstable exchange rate; the government had to establish the foreign exchange market (FEM) to stabilize the exchange rate depending on the state of balance of payments, the rate of inflation, Domestic liquidity and employment. Between 1986 and 2003, the federal Government experimented with different exchange rate policies without allowing any of them to make a remarkable impact in the economy before it was changed. This inconsistency in policies and lack of continuity in exchange rate policies aggregated unstable nature of the naira rate. (Gbosi, 1994:70)
STATEMENT OF THE PROBLEM
The exchange rate of the naira was relatively stable between 1973 and 1979 during the oil boom er (regulatory require). This was also the situation prior to 1990 when agricultural products accounted for more than 70% of the nation’s gross domestic products (GDP) (Ewa,2011:78).
However, as a result of the development in the petroleum oil sector, in 1970’s the share of agriculture in total exports declined significantly while that of oil increased. However, from 1981 the world oil market started to deteriorate and with it’s economic crises emerged in Nigeria because of the country’s dependence on oil sales for her export earnings. To underline the importance of oil export to Nigerian economy, the gross national product (GNP) fell from $76 billion in 1980 to $40 billion in 1996, a number of economic growth became negative as result of the adoption of structural adjustment programme (SAP).
This major problem which this study is designed to solve is whether the exchange rate has any bearing on Nigerians economic growth an d development. While some Economist dispute the ability of change in the real exchange rate to improve the trade balance of developing countries (Hinkle, 1999:21) because of elasticity of their low export, others believe that structural policies could however change the long-term trends in the terms of trade and the prospects for export led growth. Instabilities of the foreign exchange rate is also a problem to the economy.
OBJECTIVE OF THE STUDY
The objective of the study is to show the impact of exchange rate on gross domestic product and hence how this effect the growth and development of the Nigerian economy identifying the impacts of the unstable exchange rate of the naira on these major macro-economic variables would however, depend on the conditions prevailing in the economy at a given time.
The main objectives of exchange rate policy in Nigeria are:
(1) To present the value of the domestic currency.
(2) To maintain favourable external reserve position.
(3) To ensure price stability and price stability and price levels which are consistent with those of our trading partners.
(4) To have a realistic exchange rate which will remove the existing distortions and distortions and disequilibrium in the external sector of the economy.
(5) To have a stable and realistic exchange rate that is in consonance with other macro-economic fundamentals.
FORMULATION OF THE RESEARCH HYPOTHESIS
Based on the objectives of the study, the following hypothesis were formulated.
Ho: Exchange rate fluctuation has no significant impact on Nigeria economic growth and development.
Hi: Exchange rate fluctuation has a significant impact on Nigerians economic growth and development.
SIGNIFICANCE OF THE STUDY.
The significance of this research work lies in the fact that if the cause of the unstable exchange rate of the naira is identified and corrected, the economy will rapidly grow and develop into an advance one. This is so because if the unstable exchange rate of naira is proved to be affecting the macro- economy major variables badly, including Real exchange rate, Real interest rate, inflation rate, gross domestic product and trade openess of the country, attempts should be made to stabilize the exchange rate. This is because these variables are gauge for the measurement of growth and development of any economy. Importantly, this study would help the government and the central bank of Nigeria (CBN) to identify the strength and weakness of each foreign exchange system and hence adopt the policy that suits the economy best. This will definitely enhance growth and development of the economy, the study will also serve as a guide to future researchers on this subject.
HOW TO GET THE FULL PROJECT WORK
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BANK ACCOUNTS
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 0046579864
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OR
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 2023350498
Bank: UBA.
HOW TO IDENTIFY SCAM/FRAUD
As a result of fraud in Nigeria, people don’t believe there are good online businesses in Nigeria.
But on this site, we have provided “table of content and chapter one” of all our project topics and materials in order to convince you that we have the complete materials.
Secondly, we have provided our Bank Account on this site. Our Bank Account contains all information about the owner of this website. For your own security, all payment should be made in the bank.
No Fraudulent company uses Bank Account as a means of payment, because Bank Account contains the overall information of the owner
CAUTION/WARNING
Please, DO NOT COPY any of our materials on this website WORD-TO-WORD. These materials are to assist, direct you during your project. Study the materials carefully and use the information in them to develop your own new copy. Copying these materials word-to-word is CHEATING/ ILLEGAL because it affects Educational standard, and we will not be held responsible for it. If you must copy word-to-word please do not order/buy.
That you ordered this material shows you have agreed not to copy word-to-word.
FOR MORE INFORMATION, CALL:
08139462710 or 08137701720
YOU CAN ALSO CALL:
08068231953, 08168759420
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Tags: THE IMPACT OF EXCHANGE RATE FLUCTUATIONS ON THE PRICES OF IMPORTED GOODS IN NIGERIA
ABSTRACT
This research work is centred on the impact of exchange rate fluctuations on the prices of imported goods in Nigeria. Without exchange rate the exchange of goods and services among trading partners will be faced with a lot of problems, which may virtually narrow it down to trade by barter. This exchange also is used to determine the level of output growth of the country. Hence, the rate at which exchange fluctuates calls for a lot of attention. However, with already existing exchange rate policies, a constant exchange rate has not been attained. The rate by which exchange rate fluctuates brings about uncertainty in the trade transaction, and also the rate of naira has been unleashed and continues to depreciate. This has resulted to declines in standard of living of the population increase in costs of production (this is because most of the raw materials needed by industries are usually imported), which resulted in cost-push inflation. We made use of many tests, like the t-statistics table, f-statistic table and the chi-square etc. When we found out real exchange rate has a positive effect on the GDP.
TABLE OF CONTENT:
CHAPTER ONE
INTRODUCTION
1.1 Background of the Study
1.2 Statement of the Research Problem
1.3 Objectives of the Study
1.4 Significance of the Study
1.5 Research Questions
1.6 Research Hypothesis
1.7 Conceptual and Operational Definition
1.8 Assumptions
1.9 Limitations of the Study
CHAPTER TWO
LITERATURE REVIEW
2.1 Sources of Literature
2.2 The Review
2.3 Summary of Literature Review
CHAPTER THREE
RESEARCH METHODOLOGY
3.1 Research Method
3.2 Research Design
3.3 Research Sample
3.4 Measuring Instrument
3.5 Data Collection
3.6 Data Analysis
3.7 Expected Result
CHAPTER FOUR
DATA ANALYSIS AND RESULTS
4.1 Data Analysis
4.2 Results
4.3 Discussion
CHAPTER FIVE
SUMMARY AND RECOMMENDATIONS
5.1 Summary
5.2 Recommendations for Further Study
Bibliography___________________________
CHAPTER ONE
INTRODUCTION
BACKGROUND OF THE STUDY
The exchange rate is perhaps one of the most widely discussed topic in Nigeria today. This is not surprising given it’s macro-economic importance especially in a highly import dependent economy as Nigeria (Olisadebe, 1995:20). Macroeconomic policy formulation is a process by which the agencies responsible for the conduct of economic policies manipulate a set of instrumental variables in order to achieve some desire objectives.
In Nigeria these objectives include achievements of domestic price stability, balance of payment equilibrium, efficiency, equitable distribution of income and economic growth and development.
Economic growth refers to the continuous increase in a country’s national income or the total volume of goods and services, a good
indicator of economic growth is the increase in Gross National Product (GNP) over a long period of time. Economic development on the overhead implies both structural and functional transformation of all the economic indexes from a low to a high state (Siyan, 2000:150) one of the macro –economic variables of importance is the exchange rate policy country.
Exchange rate policy involves choosing where foreign transaction will take place (Obadan, 1996). Exchange rate policy is therefore a component of macroeconomic management policies the monetary authorities in any given economy uses to achieve internal balance in medium run. Specifically internal balance mean the level of economic activity that is consistent with the satisfactory control of inflation. On the contrary, external or sustainable current account deficit financed on lasting basis expected capital inflow.
It is important to know that economic objectives are usually the main consideration in determining the exchange control. For instance from 1982 – 1983, the Nigerian currency was pegged to the British pound sterling on a 1.1 ration. Before then, the Nigerian naira has been devalued by 10%. Apart from this policy measures discussed above, the Central Bank of Nigeria (CBN) applied the basket of currencies approach from 1979 as the guide in determining the exchange rate was determined by the relative strength of the currencies of the country’s trading partner and the volume of trade with such countries. Specifically weights were attached to these countries with the American dollars and British pound sterling on the exchange rate mechanism (CBN, 1994). One of the objectives of the various macro
– economic policies adopted under the structural adjustment programme (SPA) in July, 1986 was to establish a realistic and sustainable exchange rate for the naira, this policy was
recommended in 1986 by the International Monetary Fund (IMF). On exchange mechanism and was adopted in 1986.
The key element of structural adjustment programme (SAP) was the free market determination of the naira exchange rate through an auction system.
This was the beginning of the unstable exchange rate; the government had to establish the foreign exchange market (FEM) to stabilize the exchange rate depending on the state of balance of payments, the rate of inflation, Domestic liquidity and employment. Between 1986 and 2003, the federal Government experimented with different exchange rate policies without allowing any of them to make a remarkable impact in the economy before it was changed. This inconsistency in policies and lack of continuity in exchange rate policies aggregated unstable nature of the naira rate. (Gbosi, 1994:70)
STATEMENT OF THE PROBLEM
The exchange rate of the naira was relatively stable between 1973 and 1979 during the oil boom er (regulatory require). This was also the situation prior to 1990 when agricultural products accounted for more than 70% of the nation’s gross domestic products (GDP) (Ewa,2011:78).
However, as a result of the development in the petroleum oil sector, in 1970’s the share of agriculture in total exports declined significantly while that of oil increased. However, from 1981 the world oil market started to deteriorate and with it’s economic crises emerged in Nigeria because of the country’s dependence on oil sales for her export earnings. To underline the importance of oil export to Nigerian economy, the gross national product (GNP) fell from $76 billion in 1980 to $40 billion in 1996, a number of economic growth became negative as result of the adoption of structural adjustment programme (SAP).
This major problem which this study is designed to solve is whether the exchange rate has any bearing on Nigerians economic growth an d development. While some Economist dispute the ability of change in the real exchange rate to improve the trade balance of developing countries (Hinkle, 1999:21) because of elasticity of their low export, others believe that structural policies could however change the long-term trends in the terms of trade and the prospects for export led growth. Instabilities of the foreign exchange rate is also a problem to the economy.
OBJECTIVE OF THE STUDY
The objective of the study is to show the impact of exchange rate on gross domestic product and hence how this effect the growth and development of the Nigerian economy identifying the impacts of the unstable exchange rate of the naira on these major macro-economic variables would however, depend on the conditions prevailing in the economy at a given time.
The main objectives of exchange rate policy in Nigeria are:
(1) To present the value of the domestic currency.
(2) To maintain favourable external reserve position.
(3) To ensure price stability and price stability and price levels which are consistent with those of our trading partners.
(4) To have a realistic exchange rate which will remove the existing distortions and distortions and disequilibrium in the external sector of the economy.
(5) To have a stable and realistic exchange rate that is in consonance with other macro-economic fundamentals.
FORMULATION OF THE RESEARCH HYPOTHESIS
Based on the objectives of the study, the following hypothesis were formulated.
Ho: Exchange rate fluctuation has no significant impact on Nigeria economic growth and development.
Hi: Exchange rate fluctuation has a significant impact on Nigerians economic growth and development.
SIGNIFICANCE OF THE STUDY.
The significance of this research work lies in the fact that if the cause of the unstable exchange rate of the naira is identified and corrected, the economy will rapidly grow and develop into an advance one. This is so because if the unstable exchange rate of naira is proved to be affecting the macro- economy major variables badly, including Real exchange rate, Real interest rate, inflation rate, gross domestic product and trade openess of the country, attempts should be made to stabilize the exchange rate. This is because these variables are gauge for the measurement of growth and development of any economy. Importantly, this study would help the government and the central bank of Nigeria (CBN) to identify the strength and weakness of each foreign exchange system and hence adopt the policy that suits the economy best. This will definitely enhance growth and development of the economy, the study will also serve as a guide to future researchers on this subject.
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Tags: THE IMPACT OF EXCHANGE RATE FLUCTUATIONS ON THE PRICES OF IMPORTED GOODS IN NIGERIA
