African Growth and Opportunity Act and trade performance in Nigeria
This study examines the implementation status of the African Growth Opportunity Act (AGOA) and its performance in Nigeria using socio-economic indicators. Also, the study provides recommendations on how Nigeria can harness the opportunities latent in AGOA using statistical inference and in-depth int...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Elsevier
2021-03-01
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| Series: | Heliyon |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2405844021005156 |
| _version_ | 1818726559340560384 |
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| author | Romanus Osabohien Ngozi Adeleye Evans Osabuohien |
| author_facet | Romanus Osabohien Ngozi Adeleye Evans Osabuohien |
| author_sort | Romanus Osabohien |
| collection | DOAJ |
| description | This study examines the implementation status of the African Growth Opportunity Act (AGOA) and its performance in Nigeria using socio-economic indicators. Also, the study provides recommendations on how Nigeria can harness the opportunities latent in AGOA using statistical inference and in-depth interview with relevant stakeholders. The findings show that despite the privileged economic relations with the United States of America (USA), Nigeria is yet to optimise the benefits derivable from the AGOA initiative. Weak adherence to international products packaging and standards, weak manufacturing base, and inadequate infrastructural provision, among others, have limited Nigeria's possible gains from AGOA. Hence, this study submits that Nigeria can improve its export performance under AGOA, given the considerable untapped potentials in many AGOA-product sectors. |
| first_indexed | 2024-12-17T22:00:08Z |
| format | Article |
| id | doaj.art-437e7f8932f74bfa976b9088421001fa |
| institution | Directory Open Access Journal |
| issn | 2405-8440 |
| language | English |
| last_indexed | 2024-12-17T22:00:08Z |
| publishDate | 2021-03-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Heliyon |
| spelling | doaj.art-437e7f8932f74bfa976b9088421001fa2022-12-21T21:31:00ZengElsevierHeliyon2405-84402021-03-0173e06410African Growth and Opportunity Act and trade performance in NigeriaRomanus Osabohien0Ngozi Adeleye1Evans Osabuohien2Department of Economics and Development Studies, Covenant University, Ota, Nigeria; Centre for Economic and Development Policy (CEPDeR), Covenant University, Ota, Nigeria; Corresponding author.Department of Economics and Development Studies, Covenant University, Ota, Nigeria; Centre for Economic and Development Policy (CEPDeR), Covenant University, Ota, NigeriaDepartment of Economics and Development Studies, Covenant University, Ota, Nigeria; Centre for Economic and Development Policy (CEPDeR), Covenant University, Ota, NigeriaThis study examines the implementation status of the African Growth Opportunity Act (AGOA) and its performance in Nigeria using socio-economic indicators. Also, the study provides recommendations on how Nigeria can harness the opportunities latent in AGOA using statistical inference and in-depth interview with relevant stakeholders. The findings show that despite the privileged economic relations with the United States of America (USA), Nigeria is yet to optimise the benefits derivable from the AGOA initiative. Weak adherence to international products packaging and standards, weak manufacturing base, and inadequate infrastructural provision, among others, have limited Nigeria's possible gains from AGOA. Hence, this study submits that Nigeria can improve its export performance under AGOA, given the considerable untapped potentials in many AGOA-product sectors.http://www.sciencedirect.com/science/article/pii/S2405844021005156AfCFTAAGOADiversificationTrade opennessTrade performanceTrade policy |
| spellingShingle | Romanus Osabohien Ngozi Adeleye Evans Osabuohien African Growth and Opportunity Act and trade performance in Nigeria Heliyon AfCFTA AGOA Diversification Trade openness Trade performance Trade policy |
| title | African Growth and Opportunity Act and trade performance in Nigeria |
| title_full | African Growth and Opportunity Act and trade performance in Nigeria |
| title_fullStr | African Growth and Opportunity Act and trade performance in Nigeria |
| title_full_unstemmed | African Growth and Opportunity Act and trade performance in Nigeria |
| title_short | African Growth and Opportunity Act and trade performance in Nigeria |
| title_sort | african growth and opportunity act and trade performance in nigeria |
| topic | AfCFTA AGOA Diversification Trade openness Trade performance Trade policy |
| url | http://www.sciencedirect.com/science/article/pii/S2405844021005156 |
| work_keys_str_mv | AT romanusosabohien africangrowthandopportunityactandtradeperformanceinnigeria AT ngoziadeleye africangrowthandopportunityactandtradeperformanceinnigeria AT evansosabuohien africangrowthandopportunityactandtradeperformanceinnigeria |