EXCHANGE RATE AND ECONOMIC GROWTH IN NIGERIA

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ABSTRACT

The purpose of this study, which used the ordinary least square method, is to ascertain the effects of official market exchange rates, inflation rates, and money supply on economic growth in Nigeria. The findings showed that while inflation and the exchange rate both have a negative effect on economic growth in Nigeria, the money supply was found to have a positive impact. In conclusion, all of the factors have a propensity to have an effect on the expansion of the economy. These are a few of the main variables that affect the exchange rate. Government must therefore coordinate its monetary and fiscal policies and make effective links between them and its trade policy.

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