International Trade and Nigeria's mono-product oil-based Economy. A Study of the African Catfish Aquaculture Industry

Elijah Oluwagbemiga

• Verlag: GRIN Verlag
• Auflage: 1
• Jahr: 2017
• Thema: Politik & Internationale Beziehungen
• Thema: Internationale Beziehungen
• eBook-ISBN:
  9783668513648

This study is focused on changing the culture of Nigeria's economy from a mono-product oil based economy to a diversified economy. Although the non-oil sector of Nigeria's economy is a vast one, this study focuses on the African catfish aquaculture industry because of its huge lucrative potentials of contribution to the diversification of Nigeria's economy. This research will help the average Nigerian citizen who is being ravaged with poverty due to the on-going economic recession that keeps coming back in every administration. It will also help policy makers promulgate sound policies that support economy diversification and condemn the mono-cultural nature of the economy. Since Nigeria leads the production of African Catfish on the continent of Africa this research should make the government see sense in investing in the production of African Catfish on a large scale which in turn will generate massive employment and contribute to the diversification of the economy leading to economic wealth and sustainable development instead of spending $700 million USD on importing fish every year. Lastly, it will help future researchers in the field of international trade and economy since the motive is to add to the growing body of academic knowledge. This study is divided into 5 chapters. Chapter One is an introduction to the study. It provides the background of the study and states the problems as to why the study is being conducted. It also reflects the importance of the study. Propositions are provided in this chapter to guide the actualization of the objectives of the research. A scope and limitations are also discussed in this part of the work. Chapter two provides a literature review and a theoretical framework. It sheds light on key concepts pertaining to this study and identifies the gap it sets out to fill. Chapter three provides the method employed in the study. That is, the method engaged in sourcing data and information. Chapter four provides the research findings that is, the data retrieved from the field work. Chapter five which is the last part of the study summarizes the study, provides recommendations and then concludes.