Rev. Fr. Moses Orshio Adasu University, Makurdi

Analysis of The Impact of Exchange Rates on Imports in Nigeria

Abubakar Idris Hassan & Moses, Adigizi Samuel

Abstract

This study investigated the impact of the exchange rate on imports in Nigeria using data sourced from the Central Bank of Nigeria (CBN) statistical Bulletin. The Autoregressive Distributive Lag (ARDL) model was used to determine the impact of the exchange rate on imports and the results revealed that the Exchange Rate has a significant negative impact on imports both in the long run and short run. This means that an increase in the exchange rate will lead to reduction in imports. Based on the findings, the study recommends that the government should support import substations by encouraging the local production of imported products.

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