Stifling Trade Policy, Case of Nigeria and the Infant Industry Argument: A Review Article

Abstract

Nigeria is Africa's largest country by population and one of the continent's largest economies. Still, growth in the West African nation has been mostly fueled by the oil sector, and has proven incredibly unreliable. This paper looks at the implementation of the Infant Industry Argument as a justification for restrictive trade policies in Nigeria, and the negative impacts that those restrictions have had in terms of the diversification of the Nigerian manufacturing economy. The paper looks at relative literature around the topic, as well as data important in understanding the effect of trade restrictions on Nigeria's economy.