THE EFFECTS OF TRADE FACILITATION ON TRADE FLOWS IN NIGERIA

Abstract

This study examines the effects of trade facilitation on trade flows in Nigeria using data obtained from the World Bank’s development indicators database spanning 2007 to 2019. The study used descriptive statistics and correlation analysis. The correlation results revealed that: an increase in the number of individuals using the internet would increase imports for Nigeria; an improvement to border efficiency would increase exports for Nigeria and the contribution of trade to economic growth; an increase in the numbers of individuals using internet would decrease the contribution of trade to economic growth in Nigeria. The study concludes that border efficiency is effective for increasing exports from Nigeria while internet usage is effective for increasing imports in Nigeria. Among others, the study strongly recommends to the Nigerian government the elimination of customs processes that impede the exportation of goods and services and the removal of restrictions to E-Business to promote the importation of goods and services into the country.