ABSTRACT

This work investigated the effects of remittances on the Nigerian economy taking into consideration the implications of exchange rate of fluctuations. The objective of the study is to know if exchange rate fluctuation had any significant effect on remittance in Nigeria economy. Secondary data from the period 1981-2015 was used in this study gotten from World Bank. Ordinary least square method was employed in estimating the model. The result clearly shows that exchange rate fluctuation cannot significantly explain fluctuations in remittance. From the findings, we observe that foreign direct investment has a significant effect on the Nigerian economy. The study recommended that the government of Nigeria should encourage investors so as to increase the flow of FDI in the country.