Factor Affecting International Trade Operations in Nigeria

Last modified: November 2, 2019
Estimated reading time: 2 min
Project Title: Factor Affecting International Trade Operations in Nigeria
Author: Mr. Anthony Obinna Nnabuife / nnabuifetony@gmail.com
Advisor: Assoc. Prof. Dr.Om Huvanand
Degree: Master in Business Administration (International Program)
Major: Hotel and Tourism Management
Faculty: Graduate Schools
Academic year: 2019

Citation

Nnabuife, Anthony Obinna. (2019). Factor Affecting International Trade Operations in Nigeria. (Independent study, Master of Business Administration). Bangkok: Siam University.


Abstract

According to a CNN report, Nigeria has a leading number of people living in abject poverty, with an estimated 86.99 million Nigerians living on less than $1.90 a day. International investors are also withdrawing their projects and businesses across the country. It was gathered that as of September 24, 2018, foreign investors withdrew about 435.4 billion naira from the stock market due to poor policy disagreements between the government and international traders. This documentary research examined the factors which affect international trade operation in Nigeria. Some identified factors include corruption, political instability, trade policy, exchange rate, foreign currency reserves, inflation, and demand. Solutions to the identified factors were offered at the end of the study. Past studies were reviewed and the conceptual framework generated based on past findings. Recommendation for the execution of this study on investors, international business managers, the Nigerian government in control of international trades as well as domestic entrepreneurs has also been discussed along with practical and treasured recommendations for international investors and (central bank of Nigeria) CBN. The paper submits that Nigeria’s international trade pattern does not adapt to the world standard policy that influences international trade. Amongst others, it was recommended that the Nigerian government/state should come up with a strategy where corruption, terrorism, and trade policy should be amended and eradicated in other to meet up with the world standard.

Keywords:  International Trade, Trade-operation, Nigeria.


Factor Affecting International Trade Operations in Nigeria

International Master in Business Administration (IMBA), Siam University, Bangkok, Thailand

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