THE ROLE OF FOREIGN EXCHANGE MARKET IN ACHIEVING A REALISTIC EXCHANGE RATE FOR NAIRA

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ABSTRACT

The remote cause of the problem that necessitated this study in perhaps, the chronic balance of payment deficit which the country has been experiencing since independent. An attempt to solve the problem through the use of exchange control measure ha not been quite successful rather, it has succeeded in bringing about on over valued naira the foreign exchange market as an implementation strategy of the structural adjustment programme introduced bid, the study seeks to investigate the role which the foreign exchange market has played in achieving a realistic exchange rate for naira, quite elaborately, there optima supported by existing literature are if the officials to the equibrium rate, if exchange rate adjustment are not accomplished by proportionate improvement in balance of trade cum-payment.

Some statistical tests are employed in the study this is the market equilibrum model used to date the equilibrium exchange rate out to be.

At the end of study, it was found out that the foreign exchange market failed to fulfill any of the above condition meaning that so far. It has not achieved a realistic exchange rate for naira.

TABLE OF CONTENTS

COVER PAGE

TITLE PAGE

APPROVAL PAGE

DEDICATION

ACKNOWLEDGMENT

ABSTRACT

TABLE OF CONTENT

CHAPTER ONE

1.0Introduction

1.1Background of the study

1.2Statement of the study

1.3Purpose of the study

1.4Significance of study

1.5Limitation of study

CHAPTER TWO

2.0Review of related literature

CHAPTER THREE

3.0Research design and the methodology

3.1Sources of data (Secondary source only)

3.2Location of data

3.3Method of data collection (Literature work only

CHAPTER FOUR

Finding

CHAPTER FIVE

Recommendation and conclusion

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THE ROLE OF FOREIGN EXCHANGE MARKET IN ACHIEVING A REALISTIC EXCHANGE RATE FOR NAIRA

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