By: Kunle B. Osinusi, Adepeju Rebecca Sokunbi
Pages: 103–118, Volume: 2, Number: 1
Published by: AEFUNAI Journal of Economics, Finance and Development Studies, Alex Ekwueme Federal University, Ndufu-Alike, 1/1/2025, 2025
ISSN (Electronic): 2536-6742
DOI:
Exchange Rate and Industrial Productivity: Evidence from Nigeria
Abstract:
This paper assesses how exchange rate volatility affects the productivity of the Nigerian industrial sector. Analyzing data from the Central Bank of Nigeria, the study finds that frequent currency fluctuations increase the cost of imported machinery and raw materials, leading to lower industrial output. The study recommends a managed float exchange rate system that prioritizes stability to support local manufacturers and improve industrial competitiveness.
Keywords: Exchange rate, Industrial productivity, Manufacturing sector, Devaluation, Nigeria
How to Cite
Osinusi, K. B., & Sokunbi, A. R. (2025). Exchange Rate and Industrial Productivity: Evidence from Nigeria. AEFUNAI Journal of Economics, Finance and Development Studies (AEFUNAI-JEFDS), Vol. 2(1), 103–118.
Creative Commons Attribution 4.0 International License (CC BY 4.0)
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