Non-oil Export Promotion in the Nigerian Economy
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Date
2005
Authors
Lawanson, O.I
Journal Title
Journal ISSN
Volume Title
Publisher
University of Lagos Press, Akoka
Abstract
The primary objective of export promotion policies in any economy is to increase the level of economic activities. It follows therefore, that export policies should be directed at. sectors in which the impact of an increase in export demand will be both desirable and large.
The Nigerian economy has been and is currently being characterized by a high degree of openness;. hence its performance is largely dependent on developments in the external sector. The Nigerian external sector has always been dominated by primary commodities which have the well known basic characteristics of low price and income elasticity of demand, low growth of demand, deteriorating terms of trade and instability of export earnings. Nigeria's experience with primary commodities range from the agricultural bases commodities up to the early 1970s to a transformation witnessed with the advent of crude oil as a major export
Description
Staff Publications
Keywords
Export Promotion , Economy , Nigeria , Export Earnings
Citation
Lawanson, O.I (2005) Non-oil Export Promotion in the Nigerian Economy. Journal of Econmic Studies, Vol. 3(1)