IOSR-JHSS   Volume-5 ~ Issue-5 ~ Nov-Dec-2012

Paper Type	:	Research Paper
Title	:	Exchange Rate Management and the Manufacturing Sector Performance in the Nigerian Economy
Country	:	Nigeria
Authors	:	Dr. Christopher Ehinomen || Mr. Tomilade Ibrahim Oladipo
	:	10.9790/0837-0550112

Abstract:Since Nigeria is heavily factor-input import dependent, the inability to locally source the required inputs in the manufacturing sector in the country is a chronic problem. Consequently, the exchange rate plays an important role in the ability of the economy to attain a realistic growth in the manufacturing sector. This study examined the impact of exchange rate management on the growth of the manufacturing sector in Nigeria. Ordinary Least Square (OLS) multiple regression analysis, using E-view was employed. The study covered the periods of 1986-2010 with the use of time-series data. The empirical result of this study shows that depreciation which forms part of the structural adjustment policy (SAP) 1986, and which dominated the period under review has no significant relationship with the manufacturing's sector productivity. It was found that in Nigeria,

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Abstract:The need to correct the existing structural distortions in Nigerian agricultural sector and put the economy on the path of sustainable growth is compelling. This raises the question of what monetary policy to adopt to develop the agricultural sector in order to realize the potentials of the sector. The broad objective of this study is to assess the effectiveness of the monetary policies in promoting agricultural development in Nigeria. Secondary data were used in this study. The data were sourced from the publications of Central Bank of Nigeria (CBN) such as CBN statistical bulletin, CBN statements of Accounts and annual reports, as well as Federal Office Statistics (now National Bureau of Statistics) Publications of relevant years. The relevant variables for which data were sourced include: Minimum Re-discount Rate (MRR), Treasury Bill Rate (TBR), broad money supply (M2), agricultural sector output and index of agricultural production at 1990 base year for the period 1970 to 2010. The method of analysis used in this study is the Ordinary Least Square method (OLS) using E-view. The results of the analyses showed that although CBN's monetary policies play crucial role in influencing the level of agricultural productivity in the country, it has not recorded significant progress in terms of providing enabling environment for better performance in the agricultural sector. It is consequently recommended that the Central Bank of Nigeria should introduce more monetary instruments that are flexible enough to meet the ever-growing financial sector in order to attract both domestic and foreign investors; while more stringent punishment should be made for non-compliance to the monetary policies by financial institutions..
Keywords:Monetary policy, Agricultural productivity, Least Square, Monetary Instruments, and Investment.

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Abstract:Occupational shift has become a common trend among the handicraft artisans in the changing economic situation of 20th century world. The traditional brass artisan community of Assam; the Morias also show no difference in this regard. Once, the trusted canon and gun makers during Ahom regime and at present the traditional brass item manufacturer of Assamese society, the Morias are now a very backward community from economic, social and academic point of view. Present situation compels them to switch over to other tertiary activities abandoning their traditional brass metal work. But despite of these a group of enthusiastic Morias are trying to revive their traditional brass work.
Key Words:Moria Community, Brass Crafting, Economic backwardness, Traditional occupation, Occupational shift.

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Abstract:The research study takes a look at the impact of effective Planning on Organizational Productivity using Sterling bank Nigeria Plc as a case study. However, the research study makes use of primary data of questionnaire analysis and the estimation technique adopted in the study is spearman's rank correlation coefficient and the objectives of the study is to determine the relationship between effective planning and organizational productivity and to also to examine whether effective Planning leads to employees performance in an organization. More over, two hypotheses were tested using the spearman's rank correlation coefficient and the results revealed that effective planning has a relationship with organizational productivity and that effective planning lead to employee's performance in an organization. Therefore, the study concludes and recommends that managers time and attention is that of improving productivity in Sterling bank is very important for both survival and maintenance of profit margins in the bank, therefore the bank should measure productivity on how well resources are combined and utilized to accomplish specific desirable results to be able to achieve its objectives on organizational need, articulate its strategies and carefully pursue them.
Key words: Effective Planning, Productivity, Sterling bank, Employees' Performance, Organizational Objective.

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