International Journal of Management and Business Studies

International Journal of Management and Business Studies ISSN 2167-0439 Vol. 14 (4), pp. 001-008, April, 2025. Available online at www.internationalscholarsjournals.org © International Scholars Journals

Full Length Research Paper

Foreign Exchange Regimes and Their Role in Shaping Nigeria's Industrial Growth Trajectory

Owolabi A. Usman and Adegbite Tajudeen Adejare

Department of Management And Accounting, Ladoke  Akintola University of Technology, Ogbomoso.

Accepted 02 November, 2024

The study empirically examines the Effect of Foreign Exchange Regimes on Industrial Growth in Nigeria, in line with the objectives of this study, secondary data were obtained from Central Bank of Nigeria Statistical Bulletin covering the period of 1985 to 2005.In concluding the analysis, multiple regressions were employed to analyze data on such variables as Gross Domestic Product, World Price Index, Per Capita Income, and Net Export. Exchange rate (broadly define, narrowly define and quasi money) were all found to have significant effects on the Economics Growth with the Adjusted R2 of 69%. Following the outcome of this study, it is therefore concluded that the effect of using Foreign exchange, World Price Index, Per Capita Income, and Net Export as an inducement for greater performance for stable economic growth and are capable of giving stability in prices for manufactured goods.

Keywords: Foreign Exchange; Real Growth; Nigeria Economy.