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

Taimako Taimako, Kafiya Rimamchika, Ali Adamu

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...

FUEL PRICE SHOCKS AND POVERTY DYNAMICS IN NIGERIA: ASYMMETRY, SUBSIDY REMOVAL, AND MACROECONOMIC IMPACTS

Ilemona Adofu, Jonathan Gimba Obadiah, Abraham Otsapa Onmonya, Nande Andrew

2 This study examines the impact of Fuel Price Shocks and Poverty Dynamics in Nigeria: Asymmetry, Subsidy Removal, And Macroeconomic Impacts with the aim of assessing both the short-run and long-run dynamics linking subsidy withdrawal, petroleum motor spirit (PMS) prices, gross domestic product (GDP) growth, inflation, and poverty levels. The scope of the study covers the post-subsidy removal period with a focus on the macroeconomic consequences for household welfare. The study adopted the nonlinear autoregressive distributed lag (NARDL) methodology, supported by preliminary diagnostic tests including the Augmented Dickey–Fuller and Phillips–Perron unit root tests which revealed a combination of I(0) and...