International records / OpenAlex research

Trends and Prospects of Nigerian–Japanese Trade

Nigeria has for long had an open economy exporting mainly primary commodities to industrial countries and importing their manufactured products. Exports are the main source of the foreign exchange needed to purchase the machinery and capital equipment that are indispensable for the growth of the economy, while the bulk of government revenue is derived from the taxation of imports and exports. There is little doubt that the dynamism and growth of the Nigerian economy will continue to depend largely on international trade – hence the vigorous pursuit of policies aimed at expanding traditional an…