The study looked at how changes in exchange rates affect inflation in Nigeria from 1981 to 2017. They found that inflation in Nigeria is influenced by past inflation rates, exchange rates, money supply, and economic growth. The researchers also discovered a long-term relationship between inflation, economic growth, and government spending. This suggests that exchange rates can help manage inflation in Nigeria. The study recommends using policies that directly impact inflation and exchange rates, promoting domestic production of export goods, and not relying solely on exchange rates to control inflation.