OFFOR, SOMTOCHUKWU CHIAMAKA (2026) INTERNATIONAL TRADE AND ITS IMPACT ON THE SOCIOECONOMIC DEVELOPMENT IN AFRICA IN POST-COVID-19 ERA: A STUDY OF NIGERIA (20192024). Other thesis, GODFREY OKOYE UNIVERSITY, ENUGU.
![[img]](https://eprints.gouni.edu.ng/style/images/fileicons/text.png) |
Text
DOC-20260721-WA0009^.pdf Download (483kB) |
Abstract
The effect of International trade on Socio-economic development of Nigeria in the Post COVID19 era (2019-2024) was the focus of this study. Nigeria's economic size on the continent compared to one of the largest populations in the world living in poverty spurred a question: has the recovery from the pandemic in trade led to a meaningful and widespread socioeconomic impact? With two objectives in mind, the study looked at the impact of the new era of trade after Covid-19 on Nigeria economic growth and the gains Nigeria accrue from international trade during the period. The study employed an ex-post facto research design, secondary data of the Central Bank of Nigeria, National Bureau of Statistics, World Bank, IMF, African Development Bank and WTO was analysed, the study was guided by the Comparative Advantage Theory and Dependency Theory was used as a complementary theory. Findings showed Nigeria’s real GDP contracted by 1.79% in 2020 before recovering to 3.65% in 2021, moderating to 3.25% in 2022, 2.74% in 2023, and rising to 3.40% in 2024, driven mainly by the non-oil sector. Nigeria also had measurable trade benefits: exports of the non-oil sector grew to 34.56% of total exports by 2024; and the country formally ratified AFCFTA. But the achievements were limited by limited industrial diversification, naira depreciation and continued reliance on oil for exports (65.44% of total exports in Q3 2024). Although trade and GDP improved, the level of multidimensional poverty remained 63% in 2022 and informal employment 92.3% (Q3 2023), indicating that an increase in trade and GDP has not resulted in corresponding welfare gains at the same rate. The study concludes that trade helped to recover but benefits are not evenly distributed; it recommends accelerated diversification, improved infrastructure and enhanced AfCFTA deepening. Keywords: International trade, economic growth, post-COVID-19, Nigeria, AfCFT
| 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: | 03 Aug 2026 10:23 |
| Last Modified: | 03 Aug 2026 10:23 |
| URI: | http://eprints.gouni.edu.ng/id/eprint/6133 |
Actions (login required)
 |
View Item |
