Exchange rate deregulation in Nigeria negatively impacts agricultural contribution to GDP.
The article examines how exchange rate deregulation in Nigeria affects the contribution of agriculture to the country's GDP. The researchers used economic tools to analyze data from 2000 to 2018 and found a negative relationship between exchange rates and the agricultural share of GDP. This suggests that a floating exchange rate policy has not been beneficial for agriculture in Nigeria. The study recommends implementing policies like price ceilings and export-oriented strategies to stabilize the exchange rate and boost the agricultural sector.