A COMPREHENSIVE ANALYSIS OF THE EFFECT OF REGULATION AND DEREGULATION OF EXCHANGE RATE ON NIGERIA’S FOREIGN
The title of the project is a “comprehensive Analysis of the effect of Regulation and Deregulation of Exchange Rate on Nigeria’s foreign trade 1995 2000.
This project seeks to study why there is still no stable exchange rate in the country and how to rectify this problem.
Some of the objective of the study are
- To determine the extent regulation or deregulation of exchange rate has contributed to stability in Nigeria foreign trade.
- To provide useful recommendation based on the finding of the study
iii. To determine whether the criticisms on regulation and deregulation’s are constructive.
Three hypothesis were developed to enable a through study of this research.
- There is a negative relationship between the rate of devaluation of the naira and the balance of trade .
- There was a significant difference in the balance of payment position during the periods of complete deregulation and compete regulation.
iii. The foreign exchange policies of the periods did not improve non –oil export in Nigeria.
After the text had been carried out it was found out that the exchange polices in 1995 2000 did not improve non-oil export in Nigeria. It was also found that three was an adverse relationship between devaluation rate and the balance of trade in the periods 1995 – 2000.
Some recommendation given in the project are
- Government should play a more active part in implementing incentives to encourage non- oil export in Nigeria
- There should be adequate consultation between the regulations and operator.
iii. There should be a political will by government to make the exchange rate policy in existence succeed.
In conclusion regulation and deregulation in themselves are not bad but if they are not implemented properly they will achieve the set objectives and achieve improved economic development.
The research work will be a very important study to know regulation and deregulation of exchange ate effect Nigeria Foreign trade. The researcher wants to look at why there is still no stable exchanger ate in the country and how to rectify the problem.
Chapter one is overview of the research work which includes Introduction, Background of the study, Statement of the Problem, Purpose of study, Research Questions, Research Hypothesis, Significance of the study, scope limitations and delimitation and definition of term used.