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EXPORTATION OF “MADE IN NIGERIA” GOODS AS A TOOL FOR THE DEVELOPMENT OF THE NIGERIA ECONOMY

A CASE STUDY OF THE NIGER EXPORT PROMOTION COUNCIL, WARRI DELTA STATE.

 

ABSTRACT

An investigation into Exportation of “Made in Nigeria” goods as a tool for the development of the Nigeria Economy is a interesting topic.

The population for this study consists of all the workers of the Nigeria Export Promotion of the Nigeria Council, Warri Delta State. Information was gathered using questionnaires form thirty-one employees of which only twenty to them were returned.

The finding showed that exportation of “Made in Nigeria” have much role to play in the development of the Nigeria Economy. It also shows that is order to achieve this purpose, incentives should be provide for producers of exportable goods, stiff prohibitive measures restricting export of goods to meet international market standard.

Exportation of “Made in Nigeria” goods enhances the standard of living of Nigerians. The so much needed forcing exchange on export.

Also, a number of factors restrict the exportation of goods in Nigeria.

They include prohibitive tariff, lack of export market etc.

The Nigeria export is dominated by a particular product serving as a major foreign exchange and revenue earner.

The federal government has many roles to play in strengthening the export sector of the Nigeria economy.

 

CHAPTER ONE

1.0     INTRODUCTION

1. BACKGROUND OF THE STUDY

 

The issue of exportation of goods in Nigeria dates back to the beginning of this century. It importance cannot be over emphasized because it contributed immensely to the development of the Nigeria economy.

After the amalgamation of the two protectorates that formed Nigeria in 1914, exportation of goods become an economic element but mainly agricultural materials which were semi-finished.

After independence, exportation became the main stay of the Nigerian economy. It stood as the only sources of foreign exchange for the government. Today, it has been developed to a very great extent that it become a development stimuli of the economy.

Exportation is the act of making available, goods produced in one nation to other nations. It’s an international trade variable. It is difficult to write a details description of export, it importance and implications because writers have not been interested in this field.

The exportation of made in Nigeria goods is in its infancy. This study tends to emphasize the importance of exportation of made in Nigeria goods in order to ensure a fast growing economy.

What constitutes export, the benefit of export etc will be take into consideration.