AN EVALUATION OF THE IMPACT OF CONTINUE DEVALUATION OF NIGERIA CURRENCY ON INDUSTRIAL PERFORMANCE IN NIGERIA.doc

TABLE OF CONTENTS

Content                                                            Pages

Title page                                                                 i

Certification                                                             ii

Dedication                                                               iii

Acknowledgement iv

Table of Content                                                      v–vii

 CHAPTER ONE

INTRODUCTION

1.0 Background of the study

1.1 Statement of the problem

1.2 Objective of the study

1.3 Significance of the study.

CHAPTER TWO

LITERATURE REVIEW

• What is Devaluation
• Devaluation of Naira
• Condition Favoring Devaluation
• Argument Against the use of

Devaluation to solve Balance of

Payment Disequilibrium in Nigeria

• Effect of currency Devaluation on

Manufacturing company

• Possible Solution to currency Devaluation.

CHAPTER THREE

RESEARCH METHODOLOGY

3.0   Introduction

3.1   Population and sampling

3.2   Source

• Design of questionnaire
• Method of Data Analysis
• Profile of the case study

CHAPTER FOUR

PRESENTATION, ANALYSIS AND INTERPRETATION OF DATA

• Introduction
• Source of Data
• Analysis of Data

CHAPTER FIVE

• Summary
• Conclusion
• Recommendation
• Appendix
• Reference

List of Tables

Table 4.1  summary of Descriptive Statistics

Table 4.2 Correlation Matrix Table

Table 4.3  Fixed Effects Model

Table 4.4  Random Effects Model

Table 4.5  Hausman Specification Test

Table 4.6  Variable Coefficient

CHAPTER ONE

INTRODUCTION

The issue of Nigeria exchange role of currency vis–a–vis other international trade currencies especially the American Dollar and British Pound steeling has become other of the day, many Nigeria that is carrying out business especially those that procure material from abroad. In July 1996 the Federal Government of Nigeria introduced a structural adjustment programmer (SAP) to correct defects between the balance of payment in both national and international trade.

Likewise, in September 1986, THE Second-tier foreign exchange market has introduced the rationale for setting up the (SFEM) is based on the need for naira via the interplay of market forces in July 1987, Foreign Exchange Market (FEM) took over from SFEM and later it was changed to Autonomous Foreign Exchange Market (AFEM)

The inter-bank Foreign Exchange Market (IFEM) was officially introduced on the 25^th of October 1999, to replace AFEM (Autonomous Foreign Exchange Market). On July 22, 2001, the Central Bank of Nigeria re-introduced the Auction method of exchange rate this is because the past method used has been a failure because the realistic exchange rate of naira is yet to be achieved.

However, since the introduction of the new exchange rate in 2006, the value of naira or currency to the United States Dollar has edged downward, further, there has been a widening gap between the parallel markets with the rate in the former is always on the increase. As a result of a fundamental increase in the exchange rate of Nigeria Currency and those of other countries day–in–day out has resulted in Naira Devaluation.

 1.1    STATEMENT OF THE PROBLEM

It has been that currency development is one of the economies which in turn affect the activities of company (OKIN BISCUIT NIGERIA LIMITED). In the cause of identifying the evaluation of the impact of continues Devaluation of Nigeria Currency on Industrial Performance bin Nigeria.

A﴿   what is the historical background of the continued devaluation of Nigeria currency on industrial performance on Nigeria?

B﴿ is there any relevance of the continued devaluation of Nigeria Currency option on industrial performance in Nigeria?

C﴿ Would the impact of the continued devaluation of Nigeria currency improve the image of industrial performance in the eye of the public and increase customers patronage?

1.2    OBJECTIVE OF THE STUDY

In consideration of the impact of the continued devaluation of Nigeria currency on industrial performance on Nigeria, these are the following objective׃

A﴿ To examine the relevance of the origin of the continued devaluation of Nigeria currency on industrial performance in Nigeria.

B﴿ To assess the relevance of continuous devaluation of Nigeria currency option on industrial performance in Nigeria.

C﴿ To highlight the impact of the continued devaluation of Nigeria currency on industrial performance in Nigeria.

D﴿ To examine the possible shortcoming of continued devaluation of Nigeria currency in industrial performance in Nigeria.

 1.3    SIGNIFICANT OF THE STUDY

The study is revived of the particularly OKIN BISCUIT MANAGEMENT LIMITED IJAGBO, KWARA STATE. Companies that engage in manufacturing activities will find the result of the study useful in their operations. It will help the market policy in determining the realistic policy exchange rate of the currency to enhance industrial performance. Lastly, this research work would help industry (s) to develop alternative sources of raw material.

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AN EVALUATION OF THE IMPACT OF CONTINUE DEVALUATION OF NIGERIA CURRENCY ON INDUSTRIAL PERFORMANCE IN NIGERIA.doc