CHAPTER ONE

1.0 INTRODUCTION

BACKGROUND OF THE STUDY

The issue of exportation of goods in Nigeria dates back to the beginning of this century. It importance cannot be over emphasized because it contributed immensely to the development of the Nigeria economy. After the amalgamation of the two protectorates that formed Nigeria in 1914, exportation of goods become an economic element but mainly agricultural materials which were semi-finished. After independence, exportation became the main stay of the Nigerian economy. It stood as the only sources of foreign exchange for the government. Today, it has been developed to a very great extent that it become a development stimuli of the economy. Exportation is the act of making available, goods produced in one nation to other nations. It’s an international trade variable. It is difficult to write a details description of export, it importance and implications because writers have not been interested in this field. The exportation of made in Nigeria goods is in its infancy. This study tends to emphasize the importance of exportation of made in Nigeria goods in order to ensure a fast growing economy. What constitutes export, the benefit of export etc will be take into consideration.

STATEMENT OF PROBLEMS Nigeria has been marked as one of the industrialized state in African exporting some of her goods. It has also been showed that agricultural products constituted export in the early stage. From the 1970’s, Nigeria has been known to be endowed with abundant natural resources. Industrial institution has taken the economic sphere of Nigeria. Despite this great achievement in the Nigeria economy, its has been observed over the years that most made in Nigeria goods as tool for the development of the Nigeria economy. To find out what constitutes Nigeria export and its economic effect. To find out which reason account for the non-exportation of Nigeria goods. Can the goods be exported and how? These are the problems the researcher is faced with and for which this study will be to solve.

PURPOSE OF THE STUDY Motivation and the interest for his study is stimulated from the non-exportation Nigeria goods dwindling exports and continued underdevelopment of the Nigeria’s economy. Specifically the purpose of study are:- To ascertain how made in Nigeria goods can be exported To ascertain what should constitute export in Nigeria To know what caused the n on-exportation of goods in Nigeria To know the effect of export on the economy To ascertain the factors leading to effective exportation.

RESEARCH QUESTIONS The study is faced with the following research questions: What constitute export in Nigeria? Can other goods be exported? How can they be exported? Can Nigeria export all her goods? Which do you think is not liable to be exported? Should Nigeria satisfy all her citizens before exported? Why Do you prefer Nigeria exporting only one of her goods to two or more? Is export regulated, How? Who is responsible for export regulation? What are the factors that restrain export of goods in Nigeria? Why the need for Nigeria to export?

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