EFFECT OF EXCHANGE RATE ON ECONOMIC GROWTH IN NIGERIA
Abstract
Exchange rate regime was and still remains one of the major topics of academic discourse globally.
This is not surprising given its macroeconomic determinant that may help any country achieve its
optimum degree of growth and development through optimal productive capacity, particularly in
a country like Nigeria that is heavily reliant on imports (Idris & Shuyur, 2023; Michael &
Kingdom, 2024; Adeniji, 2024; Nyeche, 2024. The exchange rate reflects the ratio at which one
currency can be exchanged for another, i.e., the price difference between the two currencies
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