Africa’s contribution to global trade in services is little with slow growth despite rapid globalisation and liberalisation. The continent’s intra – African trade in services is also relatively little. Nigeria’s services sector contribution to its GDP is huge, representing 55.8 per cent in 2017. It recorded a growth rate of 1.83percent in 2018. Hence, the services sector possesses immense potential to promote diversification, employment, and growth, even without a current holistic services sector policy. This study specifically mapped and profiled key services sectors; reviewed domestic regulations relating to services; estimated the current and future potentials for export, and provided associated recommendations.
Analysis of Potentials of Nigeria’s Services Sector for Economic Diversification, Employment, and Foreign Trade
Resource type: Report
Sector: Trade and investment
Year: 2020
File type: PDF
Number of pages: 53
File size: 2.33MB
Associated resources
This study focuses on the determination of the impact of Nigeria’s textiles import restriction. Specifically, the study describes the structure of the global and Nigeria’s textile industries as well as the global value chain, and the policy environment surrounding the industry in a global and national perspective. It was conducted in 2013 with support from FCDO (formerly DFID).
Continuous and consistent implementation of the Export Expansion Grant (EEG) has been identified as crucial to the diversification agenda of the Federal Government of Nigeria (FGN). Despite its importance, however, the programme has experienced various implementation challenges and, at least, three suspensions since inception. The aim of this study is to provide evidence-based information on EEG implementation to guide relevant stakeholders to reform and reposition the scheme for greater effectiveness. The study aims to specifically analyse the impact of the grant on the beneficiaries prior to suspension in 2013 and the post-suspension implementation from 2017. It also investigates the challenges faced by beneficiaries in their attempts to access the grant. The study applied both primary through survey and secondary data through desk review to address the set objectives of the study. The survey was conducted through three methods: (i) administration of questionnaires, (ii) Key informant interviews (KII), and (iii) focused group discussions (FGD).
This is the report from a feasibility study conducted on the possibility of constructing a border post and associated infrastructure at Saki West, Oyo State. Conducted in 2012 and funded by FCDO Nigeria Policy Development Facility (FCDO-PDF).
The lack of improvement and deterioration in Nigeria’s export trade performance rankings such as measures of time and cost associated with exporting and importing a standardized cargo of goods reinforces the need for Nigeria to undertake urgent and extensive reform to improve its trading across borders performance. This research provides immediate, medium and long term reform options.
A roundtable event on the potentials of exporting the services sector in Nigeria. At the Roundtable, it was noted that among business owners and exporters, there is little understanding of what services export entails. Many businesses engage in service exports but are not aware of this. Understanding the four modes of services – Cross border trade, Consumption abroad, Commercial presence, and Presence of natural persons – is important for business growth. To achieve this, stakeholders including the NEPC will need to conduct capacity building and sensitisation workshops for exporters, working with relevant business associations.
