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This paper empirically investigates the impact of exchange rate on the Nigeria External sector (the balance of payments position) using the Ordinary Least Square (OLS) method of estimation for data covering the period between 1970 and 2008. We found that exchange rate has a significant impact on the balance of payments position. The exchange rate depreciation can actually lead to improved balance of payments position if fiscal discipline is imposed. We also found out that improper allocation and misuse of domestic credit, fiscal indiscipline, and lack of appropriate expenditure control policies due to centralization of power in government are some of the causes of persistent balance of payments deficits in Nigeria. We recommend that appropriate monitoring machineries be set up to ensure judicious use of credit and available foreign exchange. Exchange rate policies have to be used along with the fiscal and monetary instruments to get meaningful results. This implies that our balance of payments problems can be solved simultaneously from two angles, namely, boosting supply and managing demand. Export diversification and promotion, import substitution and frivolous import restriction cannot be over emphasized.
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SIMILAR ACCOUNTING FINAL YEAR PROJECT RESEARCH TOPICS
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1. DEVELOPING EFFECTIVE STRATEGY FOR PENSION ADMINISTRATION IN THE NIGERIAN PUBLIC SECTOR (A STUDY OF PENSION COMMISSION RIVERS STATE, NIGERIA)
» CHAPTER ONE 1.0 INTRODUCTION 1.1 BACKGROUND OF THE STUDY The greatest challenge to government worldwide remains the issue relating to pension fund man...Continue Reading »Item Type & Format: Project Material - Ms Word | 80 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
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2. CAUSES OF STUDENTS FAILURE IN FINANCIAL ACCOUNTING IN SENIOR SECONDARY CERTIFICATE EXAMINATION IN SECONDARY SCHOOLS IN AWKA LGA
» CHAPTER ONE INTRODUCTION 1.1 Background of the Study Education is a means through which young and old members the society are taught about the expecte...Continue Reading »Item Type & Format: Project Material - Ms Word | 67 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
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3. INFLUENCE OF INFLATION ON REPORTED PROFIT FOR DECISION MAKING IN FINANCIAL INSTITUTIONS IN NIGERIA
» ABSTRACT The principal objective of this research is to ascertain the Impact of Sustainability Reporting on Corporate Performance of Selected Quoted C...Continue Reading »Item Type & Format: Project Material - Ms Word | 144 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
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4. THE IMPACT OF ACCOUNTING ON THE GROWTH OF SMALL AND MEDIUM SCALE ENTERPRISES (A STUDY OF L.G. PLC, UYO)
» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Accounting is the language of business that can tell with reasonable accuracy the degree of succe...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
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5. INTERNAL AUDIT AS A TOOL FOR EFFICIENT PERFORMANCE IN AN ORGANIZATION
» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF STUDY Very large organization and some small ones have found a need for internal audit in addition to an ex...Continue Reading »Item Type & Format: Project Material - Ms Word | 66 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
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6. ADOPTION OF INTERNATIONAL FINANCIAL REPORTING STANDARDS AND PERFORMANCE REPORTING OF NIGERIAN DEPOSIT MONEY BANKS
» CHAPTER ONE INTRODUCTION 1.1 Background to the Study The globalization of business had necessitated the introduction of International Financial Report...Continue Reading »Item Type & Format: Project Material - Ms Word | 132 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
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7. THE IMPACT OF EFFECTIVE PLANNING ON TEACHING AND CURRICULUM DEVELOPMENT ON TEACHING AND LEARNING OF INTREGRATED SCIENCE IN SECONDARY SCHOOL
» CHAPTER ONE INTRODUCTION 1.1 Background of the Study Nigerian Educational System has gone through various developments and changes viz a viz curriculu...Continue Reading »Item Type & Format: Project Material - Ms Word | 38 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
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8. THE EFFECT OF COST ACCOUNTING TECHNIQUES ON PERFORMANCE OF SME’s A SURVEY OF SELECTED SMALL AND MEDIUM FIRMS IN AKWA IBOM STATE.
» ABSTRACT Small and medium scale enterprises (SMEs) are very important to the development of the economy. This is because their roles promote the econo...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
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9. THE IMPACT OF CULTURAL FACTORS ON THE IMPLEMENTATION OF GLOBAL ACCOUNTING STANDARDS IFRS IN NIGERIA
» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY As globalization increases at a blistering pace, more and more business entities continue to get ...Continue Reading »Item Type & Format: Project Material - Ms Word | 66 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
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10. IMPACT OF ACCOUNTING INFORMATION ON THE DECISION MAKING PROCESS OF AN ORGANIZATION.
» CHAPTER ONE 1.0 INTRODUCTION 1.1 BACKGROUND OF THE STUDY. At independence, Nigeria joined the committee of nation with the hope for a better tomorrow....Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT