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The impact of exchange rate volatility on the manufacturing sector outputs in Nigeria.




Manufacturing activities have significant impacts on the economy of nations as their contributions, which account for substantial proportion of total economic activities of nations, play crucial roles in the development process of any economy. In 2008, Nigeria manufacturing accounted for 4.13% of the Gross Domestic Product (GDP). The figure is an indication of downward movement, from 11.05% in 1980. Before independence, Nigeria, with its large population notwithstanding, had very little industrial development; a few tanneries, and oil crushing mills, which processed raw materials for export. During the 1950’s and 1960’s, a few factories, including the first textile mills and food-processing plants, opened to serve Nigerians. During the 1970’s, and early 1980’s, industrial production increased rapidly, principally in Lagos, Kaduna, Kano and Port Harcourt. Factories also appeared in smaller, peripheral cities such as Calabar, Bauchi, Katsina, Akure and Jebba, due largely to government policies encouraging decentralization. Most of the manufacturing outputs in Nigeria are food and beverages, cigarettes, textiles and clothing, soaps and detergents, footwear, wood products, motor vehicles, chemical products and metals. Smaller-scale manufacturing businesses engage in wearing, leather-making, pottery-making and word-carving. The smaller industries are often organized in craft guilds involving particular families who pass skills from generation to generation. In an attempt to broaden Nigeria’s industrial base, the government invested heavily in joint ventures with private companies, since the early 1980’s. The largest of such project is the integrated steel complex at Ajaokuta, built in 1983 at a cost of $4 billion. The government has also invested heavily in petroleum refining,

Review project detailsComments
Number of Pages77 pages
Chapter one (1)Yes  Introduction
Chapter two (2)Yes  Literature review
Chapter three (3) Yes methodology
Chapter  four (4) Yes  Data analysis
Chapter  five (5) Yes Summary,discussion & recommendations
ReferenceYes Reference
QuestionnaireYes Questionnaire
Appendixyes Appendix
Chapter summaryyes 1 to 5 chapters
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