UGWUANYI, CHINEMEREM FAVOUR (2026) UNITED STATES- NIGERIA TRADE RELATIONS AND ITS IMPACT ON NIGERIA’S ECONOMIC DEVELOPMENT, 2019-2025. Other thesis, GODFREY OKOYE UNIVERSITY, ENUGU.
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UNITED STATES- NIGERIA TRADE RELATIONS AND ITS IMPACT ON NIGERIA’S ECONOMIC DEVELOPMENT, 2019-2025.pdf Download (857kB) |
Abstract
Nigeria’s economic development between 2019 and 2025. The study was motivated by the changing dynamics of bilateral trade relations resulting from declining United States dependence on crude oil imports, global economic disruptions, and Nigeria’s continuous efforts toward economic diversification. The objectives of the study were to examine how the volume of trade between Nigeria and the United States influenced Nigeria’s economic growth and to assess the contribution of non-oil exports to industrial development in Nigeria. The study adopted the Liberal Institutionalism Theory propounded by Robert Keohane and Joseph Nye as its theoretical framework. The theory emphasizes that international cooperation through trade agreements, institutions, and diplomatic engagement can promote mutually beneficial outcomes among states. An ex post facto research design was employed, while data were collected through documentary and secondary sources, including reports from the Central Bank of Nigeria, National Bureau of Statistics, World Bank, United States Trade Representative, and relevant scholarly publications. Data were analyzed using content analysis and descriptive statistical methods. Findings revealed that trade relations between Nigeria and the United States significantly influenced Nigeria’s economic growth during the period under review. Periods of trade surplus were associated with improved GDP performance, while trade deficits negatively affected economic stability, particularly during the COVID-19 pandemic in 2020. The study further found that although crude oil remained the dominant component of Nigeria’s exports, non-oil exports gradually increased and contributed modestly to industrial development through agro-processing, manufacturing activities, employment generation, and value addition. However, the benefits of trade were constrained by structural challenges such as weak industrial capacity, poor infrastructure, policy inconsistency, and heavy dependence on imports. The study concluded that while trade relations with the United States provide opportunities for economic growth and industrial development, Nigeria’s overreliance on crude oil and limited diversification continue to hinder sustainable development outcomes. The study therefore recommended aggressive promotion of non-oil exports, strengthening of domestic industries, improvement in infrastructure, and the adoption of stable trade and industrial policies to maximize the developmental benefits of bilateral trade relations
| Item Type: | Thesis (Other) |
|---|---|
| Subjects: | H Social Sciences > H Social Sciences (General) |
| Divisions: | Faculty of Management and Social Sciences |
| Depositing User: | CHIBUEZE EZE |
| Date Deposited: | 31 Jul 2026 09:16 |
| Last Modified: | 31 Jul 2026 09:16 |
| URI: | http://eprints.gouni.edu.ng/id/eprint/6109 |
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