Regional integration such as ECOWAS is believed to be an important element to stimulate trade, which could lead to economic growth and development for countries in this regional group. Despite the efforts made at creating this regional group in West Africa, the benefits from intra regional trade have been unsatisfactory. The study examined the role of Nigeria in the integration processes in Africa and to quantify the impact of this regional group on trade and economic performance in Nigeria. Cross sectional time series data for 17 years from 1996 to 2012 were analysed using an augmented (or extended) gravity equation. Results show that being in ECOWAS has contributed very little to trade and economic performance in Nigeria. Lack of political will to implement treaty provisions, poor infrastructure, non diversification of individual countries' economies among other have been identified as the problem causing the very low level of intra regional trade in ECOWAS. There are potential gains to be made in ECOWAS including Nigeria if significant effort are made to implement policy recommendations
| Identifer | oai:union.ndltd.org:nusl.cz/oai:invenio.nusl.cz:190114 |
| Date | January 2015 |
| Creators | Akwari, Henry Onyemaechi |
| Source Sets | Czech ETDs |
| Language | English |
| Detected Language | English |
| Type | info:eu-repo/semantics/masterThesis |
| Rights | info:eu-repo/semantics/restrictedAccess |
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