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Trade, Diversification and Growth in Nigeria

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  • Walkenhorst, Peter
  • Cattaneo, Olivier

Abstract

Nigeria’s trade policy is at a crucial turning point. Historically, the country has had a very restrictive import regime that generated substantial transfers to domestic producers and strong anti-export bias. Yet, in its current poverty reduction strategy, Nigeria identified deeper trade integration as a means to foster economic growth and alleviate poverty. Border tariffs are being reduced, trade regulations are under review, and ambitious modernization programs for customs services and port infrastructure have been launched. The envisioned reforms involve far-reaching changes to the trade regime that promise to create new opportunities by improving the efficiency of production and consumption, while requiring adjustment of domestic producers to the new, more competitive economic environment.

Suggested Citation

  • Walkenhorst, Peter & Cattaneo, Olivier, 2006. "Trade, Diversification and Growth in Nigeria," MPRA Paper 23735, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:23735
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    References listed on IDEAS

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    Cited by:

    1. CHARLES Ayobola & MESAGAN Ekundayo & SAIBU Muibi, 2018. "Resource Endowment And Export Diversification: Implications For Growth In Nigeria," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 13(1), pages 29-40, December.

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    More about this item

    Keywords

    Trade; tariffs; regional integration; preferences; world markets;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade

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