Theory question 105
Transport, Trade and Tourism(a) List three major countries outside Africa that trade with Nigeria
(b) Choose any one of these countries and name: (i) three major products which Nigeria exports to her (ii) three major products which Nigeria imports from her
(c) Discuss two factors responsible for the present pattern of trade between Nigeria and that country
(d) Describe two effects of this observed pattern of trade on the economy of Nigeria
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(a) e.g. United States, Britain, Japan (also Germany, France, Netherlands)
(b) e.g. Britain – exports: petroleum, cocoa, palm kernel/rubber; imports: machinery, motor vehicles, chemicals/pharmaceuticals
(c) Differences in resources – Nigeria produces raw materials and Britain manufactured goods; differences in technology and industrialisation; historical colonial ties and shared language; trade agreements, shipping links
(d) Earns foreign exchange; supplies goods Nigeria cannot make; but dependence on one product (oil) and unfavourable terms of trade; hinders local industry; foreign debts
Exports are raw materials; imports are manufactured goods.