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Bullion

Keywords

International trade. Economic growth, Economic development

Abstract

The Nigerian economy is generally large and very diverse. The country is endowed with a highly productive agricultural base and generally favourable climatic conditions, which provide the potential for intensive production, both for domestic consumption and for exports. This paper reviews the production and trade pattern in Nigeria with a view to identifying major structural changes with regard to the relative comparative advantage enjoyed by the sectors, the other parts of the paper focuses on some theoretical and conceptual issues. The rest of the paper is divided into five sections. Section 2 focuses on some theoretical and conceptual issues. Section 3 reviews the trend in production and trade while the constraints to productions and trade are discussed in section 4. Section 5 outlines options for improving production and trade while Section 6 concludes the paper.

Author Bio

The author is a staff of Central Bank of Nigeria.

Publication Title

CBN Bullion

Issue

3

Volume

24

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