Devaluation of naira - effect on Nigeria construction industry Department: Civil Engineering By: samfilo31 Project ID: 4926 Rating: (3.3) votes: 6Rate this project12345 Price:₦2000 Get the Complete MaterialAbstractThis study on devaluation of naira effect on the Nigeria construction industry. Devaluation of naira is an adjustment to the value of a country’s currency, related to another currency, within the context of a fixed exchange rate management system. A questionnaire survey was administered to respondents which included contractors, consultants, clients, bankers. This study established that inflation, exchange rate, supply and demand for money have a significant effect on the cost of materials. This research project has revealed that devaluation of the naira has a negative effect on the construction industry in Nigeria which leads to the abandonment of the project, decreasing the rate of importation, unemployment, high cost of materials use in construction. Therefore, since the construction industries mainly depend on imported equipment and other materials used in construction, much focus should be placed on the regulation of the exchange rate of the naira in order to encourage economic activities within the sector....Preview Download Preview +Other Civil Engineering project topics and materials you might be interested in»Comparing the compressive strength of concrete made with sand as fine aggregate and with chipping dust as fine aggregate»The comparative study of the compressive strength of concrete made with granite to that made with river round stone (pebble) and local stone»The use of computer in civil engineering»Importance of timber in civil engineering construction»Construction and Installation of a Panel Door»Construction of wardrobe key study on wood work»Effect of street trading on traffic performance and control»Assessment of different types of foundation and their mode of construction»Comparison of soil bearing capacity of different locations in Imo state»Investigation into the suitability of sand and gravel materials commonly used in building construction»Investigating the effect of partial replacement of cement with eggshell powder in concrete production»An investigation in to the causes of cracks in building and possible solutions - a case study of Kukar Gesa community in Katsina metropolis»Suitability of available laterite material in Ilorin East local government area for road construction»Determination of the causes, effects of environmental pollution and its possible control within Kwara and Osun state»Model for prediction of rainfall intensity in Lagos