Accession Number:

ADA570331

Title:

Import Bans as an Element of Nigerian Trade Policy, a Failed Approach

Descriptive Note:

Research paper

Corporate Author:

NAVAL WAR COLLEGE NEWPORT RI JOINT MILITARY OPERATIONS DEPT

Personal Author(s):

Report Date:

2012-11-01

Pagination or Media Count:

27.0

Abstract:

This paper examines the impact of the prohibited import list as a part of Nigerian trade policy. Since their adoption in the mid 1970s, the import bans have directly contributed to a higher cost of living, created incentives for smuggling and corruption, and reduced the number of goods available to the consumer. By removing the bans and replacing them with tariffs comparable to similar products, Nigeria will reduce smuggling and customs corruption incentives, reduce the cost of living for all Nigerians, effectively bring 4.1 million Nigerians above the poverty line, and increase legal revenues for the government. The net result will contribute to a more stable and secure Nigeria.

Subject Categories:

  • Economics and Cost Analysis
  • Government and Political Science
  • Sociology and Law

Distribution Statement:

APPROVED FOR PUBLIC RELEASE