Publications

May 13, 2014

Nigeria-Poland Bilateral Trade: Identifying New Trade Opportunities

This paper examines the bilateral trade relationship between Nigeria andPoland for the period 1995 to 2012. It uses the Decision Support Model (DSM)and the Growth Identification and Facilitation Framework (GIFF) to identifymarket for Nigerian exports in Poland.

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The import and export indicators reveal low trade intensities between the twocountries as well as weak complementarity between Polands importdemand and Nigerias export supply. There is also evidence of rising growth inthe demand for products in which Nigeria has actual and potential exportcapacity. In addition, Nigeria faces relatively lower tariffs on Polands topimports while the cost of transportation and logistics associated with tradingwith Poland is lower than those of Nigerias current major export partners suchas India and Brazil.

Furthermore, the paper identifies enormous unexploited market opportunitiesavailable to Nigeria for trading with Poland and therefore recommends that,in its quest for industrialization, the Nigerian government should support itsprivate sector to take advantage of this opportunity.




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Nigeria Economic Update (Issue 50)

Crude oil price experienced a mixed week from November 18 to November 25, 2016. Specifically, OPEC basket price and Brent crude price fluctuated, to a daily average of $44.6 (from $42.33)and $48.3 (from $46.86)per barrel respectively. The present oil volatility is as a result of sell-offs, attributable to speculations/fears of an insufficient production cut by OPEC (in its bid to control oversupply) - a deal scheduled for its next meeting on November 30th 2016. This speculations have arisen due to the reluctance of major OPEC member country (Saudi Arabia) to participate in the potential oil cut dealwhich could exert a downward pressure on oil prices. However, oil prices should rise if OPEC members agree to the oil cut deal. Irrespective of the outcome of the meeting, Nigeria is exempted from the potential crude oil cut. Thus, it will be optimal for the government to act quickly to address the insurgence in the Niger Delta region, in order to raise domestic oil production as much as possible.