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ABSTRACT
This study examines the impact of exchange rate fluctuations on economic growth in Nigeria. The main type of data used in this study is secondary; sourced from Central Bank of Nigeria statistical Bulletin of various issues. From 1980 being the year the monetary authority shifted from fixed exchange rate regime to flexible exchange rate regime in 2020. The trend analysis, regression analysis of the ordinary least square (OLS), correlation analysis and descriptive statistics and other advanced form of estimations were used to analyze the data due to the unsatisfaction of the results from the level regression. The result revealed that there is a negative relationship between exchange rates and economic growth, though it is not statistically significant.It also revealed that interest rates and trade openness has a negative effect. Therefore, the study recommended that government should encourage export promotion strategies in order to maintain a surplus balance of trade. In addition, government should provide a conducive environment for trade, adequate security, effective fiscal and monetary, as well as infrastructural facilities that would attract foreign investments in Nigeria.
