THE IMPACT ON NIGERIA IMPORT RESTRICTION ON THE ECONOMY 2001/2005

Most developing countries like Nigeria which depend more on importation has been affected strongly due to the import restriction on the economy. For the fact that the standard of living of the economy is proportional to the rate of importation of goods into the country. One of the greatest impact of restricting importation in the country like Nigeria will be gradual declining of the standards of living. Which we known that its efficacy will result to many adverse effect such as increase the death rate fast decrease in population emigration and other effect which may come up later on the course of this project. For this purpose this project seeks to identify the impact of Nigeria import restriction on the economy and to discus its effect on industrialization market and other commercial areas. Also to ascertain the volume and the structures of these effect on the standard of living of Nigeria citizens.