The Impact Of Foreign Trade On The Nigeria Economy

It was discovered that Nigeria as a third world country lacks certain infrastructural facilities necessary for the smooth exportation and importation of goods and services. The research intends to identify and evaluate the utility rendered by the importation and exportation of goods and services to the Nigerian people and the economy as a whole. it is also  aimed at ascertaining the efficiency and adequacy of the Nigeria industries in comparison with the foreign industries.

   To achieve its objectives, the researcher has duely examined the rate at which Nigeria’s imports exchange for its exports. Based on the secondary data collected and analyzed, it was observed that Nigeria mostly has small-scale industries which are insufficient for producing export goods. These industries also can not meet with the local needs. Nigeria depends mostly on imported goods for survival. It was also observed that, Nigeria exports mostly primary products solid minerals, agricultural products.

  Finally, it was observed that, foreign trade has had some negative effects on the Nigeria economy. Their problems include unemployment increased national debts, over dependence. It has also had good effect like increased in out put, foreign markets, better technical known- how. The project is divided into five chapters.

Chapter one covers the introduction, statement of problem, purpose /objective of the study, significance of the study, limitation of the study and definition of terms.

 Chapter two treats different methods of the rate at which Nigeria’s imports exchange for its exports.

 Chapter three contains the research design and methodology of the study the source of data used, location of data and method of data collection.

  Findings of the research are the issue examined in chapter four. While the last chapter is devoted to recommendation and conclusion.

TABLE OF CONTENTS

TITLE PAGE                                                                  I

APPROVAL PAGE                                                       II

ABSTRACT                                                                   III

DEDICATION                                                                IV

A ACKNOWLEDGEMENT                                           V

TABLE OF CONTENT                                                  VI

CHAPTER ONE INTRODUCTION

1.1 BACKGROUND OF THE STUDY                           1

1.2 STATEMENT OF PROBLEM                                   1

1.3 PURPOSE/OBJECTIVE OF THE STUDY                2

1.4 SIGNIFICANCE OF THE STUDY                               3

1.5 LIMITATION OF THE STUDY                                 4

1.6 DEFINITION OF TERMS                                           5

1.7 REFERENCE                                                               6

CHAPTER TWO INTRODUCTION 

1.1BACGROUND OF THE STUDY                                 1

1.2 STATEMENT OF PROBLEM                                     1

1.3 PURPOSE /OBJECTIVE OF THE STUDY                     2

1.4 SIGNIFICANCE OF THE STUDY                                      3

1.5 LIMITATION OF THE STUDY                                         4

1.6 DEFINITION OF TERMS                                                    5

1.7 REFERENCES                                                                       6

 CHAPTER TWO- REVIEW OF RELATED LITERATURE     7

2.1 FOREIGN TRADE DEFINITION                                           7

2.2 OBJECTIVE OF FOREIGN                                                     8

2.3 AIDS TO GOOD FOREIGN TRADE                                      10

2.4 CLASSES OF COMMODITIES TRADABLE                         13

2.5 SIZES AND CLASSES OF INDUSTRIES IN NIGERIA         15

2.6 COMPARISON OF NIGERIA’S 

EXPORTS AND IMPORTS                                                              18 

2.7 THE IMPACT OF FOREIGN TRADE ON 

THE NIGERIA ECONOMY                                                              20

2.8 REFERENCE                                                                                 25

CHAPTER THREE RESEARCH METHODOLOGY                        26

3.1 SOURCES OF DATA                                                                    26

3.2 LOCATION OF DATA                                                             26

3.3 METHOD OF DATA COLLECTION                                      27

CHAPTER FOUR

SUMMARY OF FINDINGS                                                           28

CHAPTER FIVE

RECOMMENDATION AND CONCLUSION                               29

5.1 RECOMMENDATION                                                              25

5.2 CONCLUSION                                                                           31

BIBLIOGRAPHY                                                                             32