AfT Cont...

Question 1

In Europe trade is an attractive tool which is all about

Answer 1

national interest.

Question 2

In Asia, China has been accused of utilizing ………put forward by economists
as it encourages and exploits states.

Answer 2

neo-mercantilist theories

Question 3

The things that hinder the potentials of non-oil trades in Nigeria are;

Answer 3

ineffective physical
infrastructure, non-compliance with international trade requirements, growing informal trade at
Nigerian borders, absence of government non-oil exports stimulation packages, and the absence of coordination among public offices.

Question 4

● Since 2000,……… have been implemented to improve overall trade indices in Nigeria.

Answer 4

trade liberalization

Question 5

Over this period of……….., the Nigerian government had abolished import quotas, reduced subsidies, cut tariffs, increase the number of free trade agreements and scaled-back.

Answer 5

trade liberalization

Question 6

As at 2009, Nigeria still ranked…. out of…. countries on trade across border.

Answer 6

144th out of 189th

Question 7

Nigeria also
ranked…….out of…… countries in logistics performance index.

Answer 7

100th out of 155

Question 8

Nigeria also has a very high
corruption perception index of……..

Answer 8

2.7

Question 9

● In terms of size and potential of trade, Nigeria boasts of possessing over………. of west Africa’s consumers.

Answer 9

40%

Question 10

Nigeria’s role in the African continental free trade area (AfCFTA) is a strategic role mostly as a
stabilizing influence with the ability to act as a ………….

Answer 10

guarantor of security for economic integration.

Question 10

………was instrumental in the creation of the African peer review mechanism (APRM) of the new economic partnership for African development (NEPAD). This process has over 40
participating countries.

Answer 10

Nigeria

Question 10

Challenges facing Nigeria’s trade with the rest of west Africa which AfT tries to correct includes……..

Answer 10

poor infrastructure, corruption at border areas, bureaucracy, institutional incapacities, lack of export diversification.

Question 10

Most of the over……. invested in AfT in Nigeria has gone towards building capacities with little support into needed equipment and machines to improve trade procedures
in Nigeria.

Answer 10

400 million dollars

Question 10

The most important effects of AfT include the following……., …….

Answer 10

institution building, trade capacity development, trade policy and trade infrastructure development
support

Question 11

……….. is an example of an AfT infrastructure in Nigeria.

Answer 11

● The Lagos Abidjan coastal transport corridor

Question 12

APRM stand for

Answer 12

African Peer Review Mechanism

Question 13

NEPAD

Answer 13

New Economic Partnership for African Development