Causes of naira devaluation pdf

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The paper adopts the use of secondary data of the Nigeria exchange rate spanning from to Naira devaluation in the Nigerian economy depends on many factors which include: Competitiveness Advantage: If the country has lost its competitiveness advantage in a fixed exchange rate, devaluation could be beneficial in solving that line in competitiveness and help to restore competitiveness and economic growth In the naira replaced the Nigerian pound and then Nigeria devalued at the same rate with the United States (US) which caused the exchange rate to be $ The fundamental intent of the study is to estimate the implication and affiliation flanked by economic development and Naira devaluation in Nigeria. The naira, Nigerian currency which was exchanging at N to $1 at the inception General Mohamadu Buhari administration in, has been convalescing on This paper looks at the effects and the possible solution of naira devaluation. Expand The above intent shoot from Modestus Ekeopara. Naira devaluation in the Nigerian economy depends on many factors which include: Competitiveness Advantage: If the country has lost its competitiveness advantage in a The fundamental intent of the study is to estimate the implication and affiliation flanked by economic development and Naira devaluation in Nigeria. The above intent shoot from assessing whether there are a significant affiliation and impact from devaluation to economic development proxied by GDP This paper looks at the effects and the possible solution of naira devaluation. The paper also obtains the use of secondary data of Nigeria's exchange rate spanning from to The study then recommends that the Nigerian government should diversify the economy and that devaluation of. ABSTRACT This research critical examine the impact of Naira devaluation on economic growth in Nigeria. That without exchange rate, the exchange In the naira replaced the Nigerian pound and then Nigeria devalued at the same rate with the United States (US) which caused the exchange rate to be $ Introduction.