The Effect of Exchange Rate on Agricultural Commodity and Pricing on Nigeria: 2009-2014
Journal Title: Scholars Journal of Economics, Business and Management - Year 2015, Vol 2, Issue 12
Abstract
This study on the Effect of Exchange Rate on Agricultural Commodity and Pricing on Nigeria: 2009-2014 is carried out of necessity. The exchange rate volatility in Nigeria has reached the level that even market women who know nothing of international economics knows “dollar price increased” as it has become their slogan as their reaction to the why they hike the price of goods. This study investigated the trends in exchange rate and agricultural commodity price in Nigeria: 2009-2014, explored the effect of exchange rate on agricultural commodity pricing and the consequences of agricultural commodity price fluctuations on the living standard of Nigerians. Using descriptive statistics, the study qualitatively analyzed empirical data secondary from secondary sources and came into the following conclusions: that exchange rate have been on the increase within the period in review; that agricultural commodity price increased and peaked at 2011 after when it started declining; that in as much as exchange rate fluctuation have some effect on agricultural commodity price, the trend of both variables shows that they could be some other factors responsible for the fluctuations in agricultural commodity fluctuations; and that changes in agricultural commodities have some effects on the living standard of Nigerians. Keywords: Effect, Exchange Rate, Agricultural Commodity, Pricing, Nigeria
Authors and Affiliations
Gbebeh Boobura D, Alex -Akukue Nennaaton, Piabari Nordum, Njoku, Kevin
Keywords
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