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VOL. 7, ISSUE 4 (2025)
Examination of the impact of international trade agreement on Nigeria's economic growth
Authors
Zahradeen A Ahmad, Aisha B Ahmad
Abstract
This paper examines the impact of
international trade agreements on Nigeria's economic growth, focusing on the
interplay between legal frameworks, institutional capacity, and economic
diversification. Drawing upon theoretical principles of international trade law
and empirical data on Nigeria's trade performance, it analyzes the conditions
under which these agreements act as a catalyst for or a constraint on growth.
The paper adopts a doctrinal and analytical approach, reviewing legal texts,
economic theories, and secondary data to achieve its objectives. The paper
finds that while trade agreements under the WTO (such as GATT), ECOWAS, and
AfCFTA provide a platform for market access, foreign investment, and
technological transfer, their benefits for Nigeria are significantly undermined
by structural challenges. These include a heavy reliance on crude oil exports,
non-tariff barriers, poor negotiation capacity, and weak domestic institutions.
The paper concludes that the net impact of international trade agreements on
Nigeria's economic growth is sub-optimal and recommends strategic negotiation,
robust domestic industrial policy, and institutional strengthening to harness
the potential benefits of global trade integration.
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Pages:81-85
How to cite this article:
Zahradeen A Ahmad, Aisha B Ahmad "Examination of the impact of international trade agreement on Nigeria's economic growth". International Journal of Law, Policy and Social Review, Vol 7, Issue 4, 2025, Pages 81-85
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