Many Nigerian have been greatly concerned with the problems of Nigeria economy especially the persistent depreciated of the naira in the foreign exchange markets rate. Some have tried to summarized.
Then and infact, some impact have been made through their work in identifying the major difficulties confronting the smooth running of the economy and naira exchange in particular.
It was in the light of this difficulties that the federal government launched the structural adjustment programme (SAP) on 27th July, 1986. Among the components of SAP was Second Tier Foreign Exchange Market (SPEM).
This project is designed to provide and indepth identity of causes of this persistent depreciation of the naira in the foreign exchange market (FEM) and appropriate measures modalities.
It should be appreciated in writing about a fast changing and growing scene is a very difficult and hazardous attains. This project is not an exception, since most data was collected from observation made from day to day sessions of the market which continue to change with time but in any case, it provided enough trend for cost.
Moreover, we are greatly assisted by articles that is the magazine, CBN publications and financial newspaper including economic symposium.
However, some of the primary data was collected directly from central bank officials from Enugu State through personnel interviews.
TABLE OF CONTENT
Table of content
1.1Background of the study
1.2Statement of problem
1.3Objective of the study
1.5Significance of the study
1.6Definitions of terms
2.2Causes of persistent depreciation of the naira
2.3Measures to strengthens the value of the naira
3.1Source of date
3.2Method of Investigation
3.3Tools of Analysis
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