The study looked at how the exchange rate and other economic factors in Nigeria are connected from 1981 to 2014. They found that there is a long-term relationship between the exchange rate and the economy, with a 46 percent adjustment rate. The exchange rate, trade openness, and terms of trade are linked, showing that Nigeria is very open to outside influences. Also, when the economy grows, the Nigerian currency gets stronger. This means that the government should focus on boosting local industries to help the economy.