EFFECTS OF INTEREST RATES ON SAVINGS IN NIGERIA

ABSTRACT This study examined the effect of exchange rate on international trade in Nigeria using annual time series data from 1986 to 2022. The objectives of this study were to examine the relationship between exchange rate and international trade in Nigeria, to examine the causal link between international trade and exchange rate and to help examine and determine alternative procedures that can be taken to execute methods of enhancing exchange rate policies effectively. These objectives were achieved using ARDL and Granger causality test. The result revealed that, exchange rate does not granger cause international trade in Nigeria for the period under study. It also found that 79% of the variation in international trade is explained by the included variables. Therefore, the researcher recommended that, Public Sector Reforms in Nigeria should be taken more serious to drive the human resource development process and to form an effective resource utilization policy. The government should enhance a proper man management system. The development of any country very much depends on the caliber and organization of the human resources. So, the government of Nigeria should set on ground a public sector reform that is strong and dependable.