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Effects of International Trade Agreements on the Economy and Society of Africa: Special Focus on Nigeria

Effects of International Trade Agreements on the Economy and Society of Africa: Special Focus on Nigeria
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Author(s): Henrietta Nagy (Szent István University, Hungary), József Káposzta (Szent István University, Hungary), György Iván Neszmélyi (Budapest Business School, Hungary)and Omokheka Gregory Obozuwa (Szent István University, Hungary)
Copyright: 2018
Pages: 24
Source title: Establishing Food Security and Alternatives to International Trade in Emerging Economies
Source Author(s)/Editor(s): Vasily Erokhin (Harbin Engineering University, China)
DOI: 10.4018/978-1-5225-2733-6.ch010

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Abstract

The aim of this chapter is to give an overview of the trade agreements existing in Nigeria to find out their contribution to the development of the economy. There are several such agreements, however, the authors investigate how much they really operate and serve the wellbeing of people as well as food security and safety. There have been various initiatives in the countries of Africa to develop the agricultural sector, which has employed millions of people and has had a significant role in keeping the population in the rural areas. However, the authors claim that less progress has been achieved than expected. In this chapter, the authors intend to analyze the situation in Africa, with a special focus on Nigeria, to summarize the achievements, and to list up some recommendations on future measures.

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