(a) List three major countries outside Africa that trade with Nigeria (b) Choose any one of these countries and name: (i) three major products which Nigeria exports to her (ii) three major products which Nigeria imports from her (c) Discuss two factors responsible for the present pattern of trade between Nigeria and that country (d) Describe two effects of this observed pattern of trade on the economy of Nigeria
Explanation
(a) Three major countries outside Africa that trade with Nigeria are: (i) Britain (ii) United States of America and (iii) Japan (b) Three major products which Nigeria exports to Britain are: (i) Petroleum (ii) Cocoa (iii) Palm oil. Three major products which Nigeria imports from Britain are (i) Motor vehicles (ii) Aircrafts and (iii) Ships. (c) Two factors responsible for the present pattern of trade between Nigeria and Britain include (i) Uneven distribution of natural resources: Natural resources are unevenly distributed hence there is variation in the type of goods produced in different countries and this is why these goods have to be exchanged (ii) Differences in technical know-how and expertise: There is a big difference in the technical know-how between Nigeria and Britain resulting in the production of certain goods. This results in the exchange of goods between the two countries (d) Two effects of this observed pattern of trade on the economy of Nigeria are: (i) It enables goods not produced in the countries to be available (ii) It enables the country to get foreign exchange: