Foreign exchange, Nigerian economy


This paper intends to discuss and review the various strategies adopted in the management of Nigeria's foreign exchange resources. Part I of the paper reviews the systems adopted before SAP (Structural Adjustment Programme) period as well as those practised from SAP to end of 1993. Part ll considers in broad terms the 1994 foreign exchange resource management policies. While Part lll describes the foreign exchange allocative mechanism adopted in 1994. Finally, part lV provides the summary and conclusion of the paper.

Author Bio

The author is the Ag. Director, Trade & Exchange Department, Central Bank of Nigeria.

Publication Title

CBN Bullion


No. 4


Volume 18



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