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Abstract This study investigated the impact of exchange rate volatility on the manufacturing sector's growth performance in Nigeria from 1987 to 2022. Employing the Autoregressive Distributed Lag (ARDL) technique, the study utilized the Augmented Dickey Fuller (ADF) test to assess the stationarity of the variables. The regression analysis revealed a partial effect of the exchange rate on the manufacturing sector's growth. However, the study concluded that exchange rate volatility insignificantly influenced Nigeria's manufacturing sector throughout the examined period. It suggests that other factors, including government policies, global economic conditions, and domestic market dynamics, play pivotal roles in shaping the overall growth performance of the manufacturing sector.
Abiola Olawale M (Tue,) studied this question.