EFFECT OF TAXATION ON REVENUE GENERATION OF EKITI STATE LOCAL GOVERNMENT (A CASE STUDY OF ADO LOCAL GOVERNMENT, ADO EKITI, EKITI STATE)

ABSTRACT This project examined the External Trade And Foreign Exchange Reserve In Nigeria. The objectives of the study are to examine the effect of total import on foreign reserve in Nigeria, to examine the effect of total export on foreign reserve in Nigeria, to examine the effect of trade fairness on foreign reserve in Nigeria, to investigate the effect of foreign investment on foreign reserve in Nigeria and to investigate the effect of exchange rate on foreign reserve in Nigeria. Primary source of data collection was obtained for the study. This study used a time series data from Central Bank of Nigeria (CBN) statistical bulletin spanning from 2000 to 2023. This study adopt the model of Akinwumi and Adetoye. The model speacified and :EXRV: f (GAP, MPR, FDI, EXR, INF) The model explained that extent reserves is a fore of cross domestic product, monitory policy rate, foreign direct investment, exchange rate nd inflation. This model is modified to suit the current this model is modified to suit the current study. Foreign trade refers to the aggregate of activities relating to the exchange of goods and services across borders by means of imports and exports also External trade is the exchange of capital, goods, and services across international borders or territories because there is a need or want of goods or services. The findings of the study shows that to determine the significant effect of exchange rate, the study used the result of multiple regression in Table 4.2 above. It was revealed that LEXR has a p-value of 0.3613, which is above the 5% significance level. As a result, the study retained the null hypothesis, which says that the exchange rate has no significant effect on external reserves in Nigeria. Having examined the effect of external trade on foreign reserves in Nigeria, the study concluded that while total export and import have significant effects on foreign reserves, exchange rate and trade openness have an insignificant effect on them.