Nexus between Exchange Rate and Foreign Reserves on Economic Growth in Nigeria (1980-2020)

Numerous research in Nigeria on the interaction effect between exchange rate and foreign reserves have been marginalized; this has therefore informed study to investigate nexus reserves, with focus Nigerian economy. External reserve was used as dependent variable, rate, inflation, non-oil export, oil real interest were independent variables. Time series data spanning 1980 2020 used. The employed Bound Auto Regressive Distributed Lag (ARDL) co-integrating test approach for evaluation. results showed that a positive significant impact reserves. granger causality revealed unidirectional running from This recommends government should diversify economy increase productivity of other sectors economy; would by implication boost export country thereby leading accumulation huge