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Trade Policy: Prospects and Challenges

In: Economic Policy Options for a Prosperous Nigeria

Author

Listed:
  • Olumuyiwa Alaba
  • Adeola Adenikinju
  • Paul Collier

Abstract

As in many spheres of economic policy, Nigeria inherited from past military regimes a trade policy that was out of line with most other developing countries, and so an active process of reform was appropriate. Nigerian trade policy has been distinctive in imposing both quantitative bans on some imports, a practice now rarely used elsewhere, and high and variable tariffs on many other imports. Reform is thus likely to involve the abandonment of quantitative restrictions and the reduction and harmonization of tariffs.

Suggested Citation

  • Olumuyiwa Alaba & Adeola Adenikinju & Paul Collier, 2008. "Trade Policy: Prospects and Challenges," Palgrave Macmillan Books, in: Paul Collier & Chukwuma C. Soludo & Catherine Pattillo (ed.), Economic Policy Options for a Prosperous Nigeria, chapter 6, pages 147-166, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-0-230-58319-1_7
    DOI: 10.1057/9780230583191_7
    as

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