Evaluation of Naira Float on the Prices of Goods and Services

It might be difficult to assess the impact of the Naira float on consumer pricing. When a currency is “floated,” its value is set by supply and demand in the market. When a currency like the Naira is allowed to “float,” its exchange rate against other currencies is left to the whims of the market.

Product and service costs may go up or down based on a number of factors. Because of the increased cost of buying foreign currency, the price of imported goods and services may rise if the Naira experiences a major depreciation. This may lead to price increases and inflationary pressures.

Naira depreciation, on the other side, might make Nigerian exports more competitive on the international market, which could be beneficial for the country’s export industry. Since a rise in exports may boost the economy and generate jobs, it may have a favourable effect on the cost of products and services produced domestically.

The effect of the Naira float on pricing is not totally controlled by the currency rate. Prices in Nigeria can be affected by a number of external variables, including government policies, fiscal measures, and the state of the world economy.

To assess the impact of the Naira float on consumer prices, several economic factors and their interplay must be considered.

You can also check other Research here:

1. Accounting Research Project
2. Adult Education
3. Agricultural Science
4. Banking & Finance
5. Biblical Theology & CRS
6. Biblical Theology and CRS
7. Biology Education
8. Business Administration
9. Computer Engineering Project
10. Computer Science 2
11. Criminology Research Project
12. Early Childhood Education
13. Economic Education
14. Education Research Project
15. Educational Administration and Planning Research Project
16. English
17. English Education
18. Entrepreneurship
19. Environmental Sciences Research Project
20. Guidance and Counselling Research Project
21. History Education
22. Human Kinetics and Health Education
23. Management
24. Maritime and Transportation
25. Marketing
26. Marketing Research Project 2
27. Mass Communication
28. Mathematics Education
29. Medical Biochemistry Project
30. Organizational Behaviour

32    Other Projects pdf doc

1. Political Science
2. Psychology
3. Public Administration
4. Public Health Research Project
5. More Research Project
6. Transportation Management
7. Nursing

Education

Essay 

Evaluation of Naira Float on the Prices of Goods and Services