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Bullion

Keywords

Fluctuations, Macroeconomic Variables, Manufacturing Output, exchange rate

Abstract

The study examined the impact of fluctuations of macroeconomic variables such as exchange rate, lending rates and inflation rates on the manufacturing output in Nigeria. The paper used descriptive analysis to investigate the relationship between manufacturing output and macroeconomic stability in Nigeria. The findings revealed that macroeconomic instability impacted negatively on the manufacturing output. The paper therefore recommended that policies that will streamline the multiple and volatile exchange rates, interest rate and inflation control should be designed and implemented to ensure their predictability to aid planning and attract both domestic and foreign investors to the, manufacturing sector. This is expected to increase manufacturing output in Nigeria

Author Bio

Dr. Chris Ac-Ogbonna is a staff of Department of Economics, Veritas University, Abuja

Publication Title

CBN Bullion

Issue

3

Volume

45

First Page

30

Last Page

43

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