International records / OpenAlex research

Free Trade Policy and the Market Prices of the Nigerian Cash Crops

Development in the Nigerian agricultural sub-sector has been constrained by inconsistencies in the trade polices. Tariffs paid on cash crops were raised to between 70% and 100%. Frequent import regime changes and uneven duty collection make importing difficult and expensive. Thus, many businessmen resort to under-invoicing and smuggling to avoid tariffs or bans. This paper therefore investigated the free trade policy of the Federal Government, particularly as it affects the average market prices of the three traditional cash crop exports; cocoa, groundnut and palm kernels. Sectional data were …