Assessment of India –Nigeria Trade Relations (1999-2018)

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Assessment of India –Nigeria Trade Relations (1999-2018)

ABSTRACT:- The study assessed India- Nigeria trade relations for a period of 20 years from 1999 to 2018 using ex-post facto research design. Data were obtained from the National Bureau of Statistics. The export of goods from Nigeria to India and the import of goods from India to Nigeria were used to measured trade relations. The study used t-test, charts, and tables to address the variables. Microsoft Excel software package and statistical package for social sciences (SPSS) version 20 were used to analysed the data. The finding revealed that the Nigerian government benefited from engaging in trade relations with the Indian government more. Also, for the past 20 years, it is only Nigeria that benefited from trade relations with India. The study found that Nigerian government engagement in trade relations to the Indian government is not beneficial to India. The study recommended that the Nigerian government should continue to export goods to India since they are the ones benefiting for the past 20 years of engaging in trade relations with India. The Nigerian government should engage in a serious diversification of the economy such that more sectors like agriculture, human capital development, technology, and industrialization should be more emphasis on and give more priorities for future trade. The Indian government should focus on technology and modern medical equipment so that they can benefit from engaging in trade relations with Nigeria. They should try to develop advance and industrial goods so that the Nigerian government can import such goods from them more.

Keywords:- Trade relations, Import and Export

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