IMPACT OF EXCHANGE RATE ON MANUFACTURING SECTOR OUTPUT IN NIGERIA: VAR APPROACH

Rimamchika Kafiya, Adams ali

The study examined the impact of exchange rate on manufacturing sector output in Nigeria for the period 1990 to 2024.Data were generated from the database of National Bureau of Statistic (NBS) and Central Bank of Nigeria (CBN) 2024 Statistical Bulletin. The research design adopted was the ex-post facto. The analysis was carried out using Vector Auto regression (VAR) method. Results of the analysis showed that real exchange rate (RER) has positive and significant impact on manufacturing sector output. Nominal exchange rate (NER) also has a positive and significant impact on manufacturing sector output during the period under study. While floating exchange rate (FER) have a positive and insignificant impact on manufacturing sector output...