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 Nigeriaâ€™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 Nigeriaâ€™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.
(2018). THE IMPACT OF FOREIGN TRADE ON THE NIGERIA ECONOMY. Afribary. Retrieved from https://afribary.com/works/the-impact-of-foreign-trade-on-the-nigeria-economy
"THE IMPACT OF FOREIGN TRADE ON THE NIGERIA ECONOMY" Afribary. Afribary, 03 Feb. 2018, https://afribary.com/works/the-impact-of-foreign-trade-on-the-nigeria-economy. Accessed 21 Mar. 2023.
. "THE IMPACT OF FOREIGN TRADE ON THE NIGERIA ECONOMY". Afribary, Afribary, 03 Feb. 2018. Web. 21 Mar. 2023. < https://afribary.com/works/the-impact-of-foreign-trade-on-the-nigeria-economy >.
. "THE IMPACT OF FOREIGN TRADE ON THE NIGERIA ECONOMY" Afribary (2018). Accessed March 21, 2023. https://afribary.com/works/the-impact-of-foreign-trade-on-the-nigeria-economy