Obaji, Samuel Itumo
Department of Economics, Ebonyi State
College of Education Ikwo.
Abstract.
Owing to the observed negative and positive growth of export trade in Nigeria in view of the exchange rate depreciation, this study investigated the impact of exchange rate depreciation on export trade in Nigeria from 1987 to 2020. The study adopted ex-post facto research design. Multiple regression analysis was used in the study in which autoregressive distributed lag (ARDL) model was the main method of analysis. Data obtained from Central Bank of Nigeria statistical bulletin 2020 on exchange rate, export trade and interest rate were analyzed in the study. The result indicated that exchange rate depreciation exerts positive and significant impact on export trade in Nigeria within the period under review. The ARDL bound test result further established existence of long-run relationship between the variables utilized in the analysis. Based on the research findings the study recommends that government through its agencies should increase the export base of the nation through export diversification policy and should also open up more export processing zone EPZ to add to the existing ones.
Key word: Exchange rate depreciation, Export trade, Nigeria.
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