TABLE OF CONTENTS
Content Pages
Title page i
Certification ii
Dedication iii
Acknowledgment iv
Table of Content v–vii
CHAPTER ONE
INTRODUCTION
1.0 Background of the study
1.1 Statement of the problem
1.2 Objective of the study
1.3 Significance of the study.
CHAPTER TWO
LITERATURE REVIEW
2.0
What is
Devaluation
2.1
Devaluation
of Naira
2.2
Condition
Favoring Devaluation
2.3
Argument
Against the use of Devaluation to solve Balance of Payment Disequilibrium in
Nigeria
2.4
Effect of
currency Devaluation on Manufacturing company
2.5
Possible
Solution to currency Devaluation.
CHAPTER THREE
RESEARCH METHODOLOGY
3.0 Introduction
3.2
Population
and sampling
3.3
Sources of data
3.3
Design of
questionnaire
3.4
Method of
Data Analysis
3.5
Profile
of the case study
CHAPTER FOUR
PRESENTATION, ANALYSIS AND INTERPRETATION OF DATA
4.1
Introduction
4.2
Source of
Data
4.3
Analysis of
Data
CHAPTER FIVE
5.1
Summary
5.2
Conclusion
5.3
Recommendation
5.4
Appendix
5.5
Reference
CHAPTER
ONE
INTRODUCTION
1.0
BACKGROUND
OF THE STUDY
The
issue of Nigeria exchange role of currency vis–a–vis other international trade
currencies especially the American Dollar and British Pound steeling has become
other of the day, many Nigeria that is carrying out business especially those
that procure material from abroad. In July 1996 the Federal Government of
Nigeria introduced structural adjustment programmer (SAP) to correct defect
between balance of payment in both national and international trade.
Likewise,
on September 1986, THE Second tier
foreign exchange market was introduced the rational for setting up the (SFEM)
is based on the need of naira via the interplay of market force in July 1987,
Foreign Exchange Market (FEM) took over from SFEM and later it was changed to
Authomous Foreign Exchange Market (AFEM)
The
inter-bank Foreign Exchange Market (IFEM) was officially introduced on the 25th of October 1999,
to replace AFEM (Autonomous Foreign Exchange Market). On July 22, 2001 the Central Bank of Nigeria
re–introduced the Auction method of exchange rate this is because the past the
method used has been a failure because the realistic exchange rate of naira is
yet to be achieved.
However,
since the introduction of new exchange rate in 2006, the value of naira or
currency to the United State Dollar has edged downward, further, there has been
a widening gap between the parallel markets with the rate in the former is always
on the increase. As a result of fundamental increase in exchange rate of
Nigeria Currency and those of other countries day– in– day out has resulted in
Naira Devaluation.
1.1 STATEMENT
OF THE PROBLEM
It has
been that the currency development is one of the economies which in turn affect
the activities of company (OKIN BISCUIT NIGERIA LIMITED). In the cause of
identifying the evaluation of the impact of continues Devaluation of Nigeria
Currency on Industrial Performance bin Nigeria.
A﴿ what is historical
background of continue devaluation of Nigeria currency on industrial
performance on Nigeria?
B﴿ is there any relevance of continue devaluation of Nigeria
Currency option on industrial performance in Nigeria?
C﴿ Would impact of continue devaluation of Nigeria
currency improved the image of industrial performance in the eye of the public
and increase customers patronage?
1.2 OBJECTIVE
OF THE STUDY
In
consideration of the impact of continue devaluation of Nigeria
currency on industrial performance on Nigeria, these are the following
objective׃
A﴿ To examine the
relevance the origin of continue devaluation of Nigeria currency on industrial
performance on Nigeria.
B﴿ To assess the
relevance of continues devaluation of Nigeria currency option on
industrial performance on Nigeria.
C﴿ To highlight the
impact of continue devaluation of Nigeria currency on industrial
performance on Nigeria.
D﴿ To examine the
possible short coming of continue devaluation of Nigeria currency in industrial
performance on Nigeria.
1.3 SIGNIFICANT OF THE STUDY
The study is revive of the particularly OKIN BISCUIT
MANAGEMENT LIMITED IJAGBO, KWARA
STATE. Companies that
engage in manufacturing activities will found the result of the study of the
study useful in their operations. It will help the market policy in determining
the realistic policy exchange rate of the currency to enhance industrial
performance. Lastly, this research work would help industry (s) to develop
alternatives sources of raw material.
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