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2024 National Budget Roundtable & Panel Discussion

The study of exchange rate fluctuations in Nigeria has received a lot of interest in recent years because of the country’s unpredictable economic environment, which is full of instability and uncertainty. The exchange rate is a key measure of an economy’s health, and in the case of Nigeria, it has been a focus for researchers, policymakers, and economists.

Various factors have contributed to the fluctuations in Nigeria’s exchange rate, including but not limited to global oil price fluctuations, which have a considerable influence on the country’s revenue due to its reliance on oil exports. Furthermore, issues such as high inflation rates, balance of payment deficits, political instability, and changes in monetary and fiscal
policy have all played crucial roles in shaping the exchange rate dynamics in the country.

The recent shift towards the unification of exchange rate regimes and the removal of fuel subsidies have introduced new dimensions to the exchange rate dynamics in Nigeria. These policy changes have led to distortions in the foreign exchange market, altering the demand and supply dynamics for foreign currency and impacting the value of the naira relative to
other major currencies.

Considering all of this, the forthcoming Exchange Rate Management and National Budgeting for Sustainable Development in Nigeria themed event hosted by Covenant University’s Centre for Economic Policy and Development Research (CEPDeR) is a beacon of hope. The 2024
edition of CEPDeR‘s National Budget Roundtable and Panel Discussion seeks to ignite debates and efforts aiming at altering the national economic landscape in the direction of resilience and sustainable growth.

Building on the success of previous editions in 2019, 2020,2021, 2022, and 2023, this event aims to foster a collaborative environment in which
stakeholders can discuss transformative strategies to propel Nigeria toward a brighter economic future marked by stability and sustainable development