INTRODUCTION
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 becomes 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 becomes 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 taking into consideration.
STATEMENT OF PROBLEMS
Nigeria has been marked as one of the industrialized state in African exporting some of her goods. It has also been showed that agricultural products constituted export in the early stage. From the 1970’s, Nigeria has been known to be endowed with abundant natural resources. Industrial institution has taken the economic sphere of Nigeria.
Despite this great achievement in the Nigeria economy, its has been observed over the years that most made in Nigeria goods as tool for the development of the Nigeria economy. To find out what constitutes Nigeria export and its economic effect.
To find out which reason account for the non-exportation of Nigeria goods. Can the goods be exported and how? These are the problems the researcher is faced with and for which this study will be to solve.
PURPOSE OF THE STUDY
Motivation and the interest for his study is stimulated from the non-exportation Nigeria goods dwindling exports and continued underdevelopment of the Nigeria’s economy.
Specifically the purposes of study are:-
RESEARCH QUESTIONS
The study is faced with the following research questions:
HYPOTHESIS
H 0
H 1
H 0
H 2
THE SCOPE (DELIMITATION) OF THE STUDY
The study could have been extended to other areas of study such a level of demand by consuming nations, their economy, world market prices of commodities and such other area as, international relations, economic sanctions etc. But for the purpose of effective study, the researcher have decided to concentrate on the importance of export and its long run effect on the economy.
SIGNIFICANCE OF THE STUDY
This study when completed will emphasize the importance of exportation to exports, manufactures and the government.
They will be familiar to the Economic effect of exportation of goods produced or manufactured by them.
They will comet to know how; they can go into the production of goods suitable for export.
Finally, the importance of export will be exposed to every individual as a result of it impact on the general economy.
DEFINITION OF TERMS