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SUMMARY
This study was carried out to ascertain the influence of determine the impact of fluctuation of foreign exchange rate in Nigeria. In achieving this data was collected world bank and index Mundi for a period of twenty one years ranging from 2000-2021. The data was arrayed in a table comprising of roles and column, thereafter the regression analysis was employed to ascertain the causal relationship among the estimating parameters.
From the analysis carried out so far it could be seen that when it comes to luring in overseas capital, Nigeria is ripe with opportunity. Natural resources, including mineral reserves (particularly oil and gas), greenery, fertile agricultural land, etc., are abundant, and the population is huge and young, making it an attractive market. Her skilled workforce is both affordable and plentiful. The available data suggests that the country has not reaped many benefits inherent benefit due to fluctuations in exchange rate. According to World Bank data, so of the major challenges affecting the development of the country is the incessant rise in fluctuations in exchange rate in Nigeria's economy.
