Nigeria Economy Nigeria population is estimated at over 200 million and most populated in Africa and the 7th in the world. As at 2019, the country’s GDP (nominal) is estimated at $447.013 billion with a per capita $2,244.The huge population of the country is a fertile ground for any kind of trade as every nation sees her as a potential trading partner.
Globalisation The advent of internet has revolutionised trade across the world to the extent that emphasis on physical border has shifted in the face of globalisation. But no nation will waive its sovereignty when its territorial integrity is being compromised both from within and outside. Across all nations, countries have signed trade and bilateral agreements to promote economic integration and cooperation. The goal usually is to promote ease of trade across geographical borders without any artificial or deliberate encumbrances from parties to the agreement within terms and conditions.