The exchange rate policy in Nigeria has a big impact on the economy. A study looked at how the exchange rate affects the country's GDP and manufacturing capacity from 1986 to 2015. They found that the exchange rate has a significant impact on GDP and manufacturing capacity. The Central Bank of Nigeria should control foreign exchange policies better to keep the value of the Naira stable. They should also investigate and punish banks that do unethical things to lower the Naira's value. Giving incentives to local manufacturers and connecting agriculture with manufacturing could help increase exports and foreign exchange.