Theory question 108
Nigeria: People and Economy(a) Distinguish between internal trade and international trade
(b) Name four commodities of internal trade in Nigeria two orginating from the north and two from the south
(c) Identify the factors that promote trade between the northern and southern parts of Nigeria
(d) What are the limitations to internal trade in Nigeria?
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(a) Internal trade: exchange of goods and services within the boundaries of one country using its own currency; international trade: exchange between different countries, involving foreign currencies, customs duties and documents
(b) North: cattle, onions, beans, groundnut, grains, tomatoes; south: kola nuts, yam, cassava/garri, palm oil, fish, manufactured goods
(c) Different climates and vegetation produce different goods; good road and rail links (Lagos-Kano, Port Harcourt-Maiduguri); common currency and no tariffs; large population and demand; traders' networks and markets; national unity
(d) Poor roads and high transport costs; perishability and lack of storage; extortion at checkpoints; insecurity; low purchasing power; seasonal supply
(b) must give two items from each region.