EXCHANGE RATE FLUCTUATION AND THE PERFORMANCE OF NIGERIA MANUFACTURINGSUB SECTOR (A CASE STUDY OF INNOSON INDUSTRIES LTD ENUGU)

ABSTRACT

Exchange rate fluctuation refers to inconsistent nature of the currency of any country as exchanged with other currencies the Nigerian Naira has suffered consistent fluctuations (changes) since 1970 when compared to the U.S dollar. More so when a domestic currency expressed in terms of a weighted basket of currencies of the major trading patner using innoson industries ltd Enugu. The weight assigned to each currency reflect on the volume of made with the country dormice. Also the manufacturing sub-sector if adequately harnessed could bring about rapid industrial development in the country as well as stabilize  Nigeria economy.   We also find out that our over dependence on mono product (oil based economy) in budget allocation and growth determination has continue to weaken the economy even when viable exchange rate polices are introduced. The researcher investigates the topic due to rapid Deprecation of the Naira against the united states dollars and other major currencies accumulating activities. The method used in gathering the date is through primary and secondary data. The primary data was collected majority from oral interviews and questionnaire administrated to respondent.  Oral interview was earner used during the held work. This helped us in answering research questionnaires.  The secondary data used during the introductory and explanatory study were derived from wild range of consultations of many published articles as well as unpublished materials such as internal report of the company textbooks, journeys found in the internet and the central bank monthly bullion.  The findings of the study arose from the analysis of the primary data and knowledge gained from treasure review which are (1) a greater number of respondents due to incessant changes in naira exchange rate agree to fact that the said fluctuation have hampered the effective performance of Nigerian manufacturing sub-sectors.  (2) the exchange rate fluctuation is not the sole determinant of the Nigerian manufacturing sub-sector and mans other finding, Recommendation. We recommendation that as long as we continue to be recommend in policy formulation, we will not achieve the desired growth and we will continue to import equipments and cars to the me detriment of our economy. 


TABLE OF CONTENTS
Title page                                     ii
Dedication                                     iii
Acknowledgement                            iv
Abstract                                     v
Table of contents                             vi
List tables                                     vii

CHAPTER ONE
1.1    Background of the study                    1
1.2    Statement of the problem                    6
1.3    Objectives of the study                        9
1.4    Scope and Limitation of the Study                11
1.5    Significance of the study                    13
1.6    Research Question                         15
1.7    Research hypotheses                         16
1.9    Definitions of terms                        17
Reference

CHAPTER TWO
1.0    Review of related literature                    21
2.1    Concept of the Exchange Rate                 21
2.2 Factor Determination Exchange Rate            23
2.3 Types of Exchange Rate                        24
2.4    Forward Rate                            26
2.5    Pre-Structural Adjustment Programme Period         28
2.6    Import Weighted Basket Approach                31
2..7    Post Structural Adjustment                     31

CHAPTER THREE
Research methodology
3.1    Research Design                         37
3.2    Primary Data                            30
3.3    Population of the Study                    38
3.4    Research Instrument                         39
3.5    Sample and sampling  Procedure                 40
3.6    Method of Investigation                     41
Reference

CHAPTER FOUR
4.1    Data presentation, and Analysis                 44
4.2    Testing of Hypothesis                         50
Reference

CHAPTER FIVE
5.0    Summary of findings conclusions and       
 Recommendation                              
5.1 Summary of Finding                         59
5.2    Conclusions                               62
5.3    Recommendation                          63
Bibliography