POLITICAL ECONOMY OF CHINA-NIGERIA TEXTILE MARKET AND THE STATUS OF NIGERIAN TEXTILE INDUSTRIES

Ugwuozor, Ifeanyi Samuel and Ogbonna, Ikechukwu Stanley (2022) POLITICAL ECONOMY OF CHINA-NIGERIA TEXTILE MARKET AND THE STATUS OF NIGERIAN TEXTILE INDUSTRIES. American Research Journal of Humanities & Social Science (ARJHSS)R), 5 (4). pp. 88-97. ISSN 2378-702X

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Abstract

International trade and economic relations has remained vital to the economy of states in their relations across borders. Sino-Nigeria trade relations are aimed centrally at the development of the economy of the both countries among other things. This work investigated the statues of the Nigerian textile industries in the trade relations of China and Nigeria at the global south. China-Nigeria diplomatic relations since February 10th 1971, have advanced political and economic cooperation in their bilateral ties. Among other sectors, the Nigerian textile market has been highly affected by the presence of the Asian economic giant. The paper made a thorough examination of the effects of China on the development ofNigerian textile industries. Methodologically, the paper employed commercial liberalism theory as a fitting analytical lens. Documentary method of data collection adopted, enhanced our access to resources from secondary materials such as, journals and internet resources, while content analysis was employed. Findings of the paper among other things, showed China’s domination of the Nigerian textile market; hence, the moribund state of Nigeria textile industries. The paper recommended inter alia revitalization of the Nigerian textile subsector; while the government should ensure due payment of salary and other entitlement to Nigerian textile workers.

Item Type: Article
Subjects: H Social Sciences > HC Economic History and Conditions
Divisions: Faculty of Management and Social Sciences
Depositing User: mrs chioma hannah
Date Deposited: 18 Apr 2024 13:11
Last Modified: 18 Apr 2024 13:11
URI: http://eprints.gouni.edu.ng/id/eprint/4258

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