Intra – Industry Trade; FG urges to invest more on infrastructural facilities.

Welcoming participant at the june 2015 NISER research seminar series (NRSS) the Director Generalof the Nigerian Institute of Social And Economic Research (NISER) Ibadan, Prof Olufemi Taiwo has commended the media organization for their reportage and urge them to do more.

He retreated his staffs commitment towards realization of his institute vision, mission and mandate.

Prof Taiwo while commending the author and presenter of the paper whom he described as a young researcher for a well research work ,later called on fellow researchers for disaggre gation of drivers of intra-industry trade and European union in otherto be specific for the Federal Government of Nigeria.

Overview the seminar topic, the chairman Prof P.A olomola, dept of economics, faculty ofsocial sciences, Obafemi Awolowo University , Ile-Ife Osun State   observed that since the empirical studies have examined intra-industry  trade among developed countries as horizontal Intra-industry trade while adequate attention is yet to be paid to the developing countries vertical intra-industry trade.

Prof olomola enumerated that the lecture paper will examine the type , extent and drivers of intra-industry trade between Nigeria and European Union.

In his paper presentation titled ; Drivers of intra-industry trade between Nigeria nad European Union.

Dr. Felix Arawomo of survelliance and forecasting research dept(SFD)NISER Ibadan noted that the income of Nigeria which is unstable due to the dominance of primary manufactured products in the country’s exports can still be reversed through trade in the similar products intra-industry trade (IIT) between Nigeria and her highest trade partners from European union.

Speaking further on the specific objectives of the paper, he stylized fact on Nigeria’s trade with EU and drivers of intra-industry trade. The trade policies and agreement between Nigeria and EU .

The author found that all the products in which Nigeria have intra industry trade with EU are vertically differentiated and suggested that the enforcement of local content policy in Nigeria should be taking seriously to facilitate knowledge transfer from multinationals to Nigeria and fixing of infrastructural deficits such as energy, water and good road network and as well urged federal government to invest into infrastructural facilities in the various export processing zone created across the country.

Dr Arawomo finally urged thr federal government and its agencies such Standard Organization of Nigeria(SON), Ministry of commerce and industry as well as Ministry of science and technology to ensure strict compliance on quality of products and developed a national strategy.