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ABSTRACT
The work set out to investigate the impact of the European Union (EU) on Nigeria’s diplomatic relations (1999-2010) in terms of their trade Balance While observing that Nigeria has unfavorable trade access to the European Union Market (1999-2010), hence the hypothesis that the trade balance existing between Nigeria and European Union is unfavourable to Nigeria.The theory of complex interdependence was used as our framework for analyzing the European Union (EU) and Nigeria’s relations in terms of trade cooperation. The study made use of the observation method of secondary source of data collection, such as textbooks, journals, magazines, conference papers, official documents and Internet sources. Using the qualitative description of statistical data guides our understanding of the work and is supported by the adoption of one-shot case study research design for controlling the variable under study. Our recommendation was also based on the findings of our research work which was already articulated in our conclusion.
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
Nigeria’s diplomatic relations with the European Union (E.U) dates back
to 1960 when Nigeria gained independence from Britain, a member country
of the Union that ruled it for nearly a century and had a complete grip
on the country – politically, economically, religiously and
socio-culturally. Its relations with African countries especially
Nigeria has remained the same.
The European Union is an international economic organisation comprising
of some advanced countries of the north, which originally included
France, West Germany, Belgium, Italy, Luxemburg and the Netherlands. It
has however, expanded to include nine other countries namely united
Kingdom (Britain), Denmark, Ireland, Greece, Portugal, Spain, Sweden,
Austria and Finland, including Romania that joined
the union recently (Sanu and Onwuka, 1997) Much of the history of the
European Union during its early years was one of steady economic growth
for member states. Goldsmith and Klausen, (1998) argued
that a country as former West Germany did establish itself as a leading
world economic power over this period, and a dominant force in the New
European Union.
France transformed itself from a predominantly agricultural economy to
one much more industrialised. The whole world became concerned about the
implication of the unification on the global economy, as Europe in
1992, headed towards realizing a long dream of establishing a single
integrated market and economic unification.
For Nigeria, and Africa as a whole, this was more glaring because of the
nature of the Euro-African relations over the centuries. Europe,
pre-occupied with its own problems as it moved towards the establishment
of a single integrated market in 1992, and with the growing instability
on its Eastern borders following the disintegration of the former
Soviet Union, appeared in the early 90s’ to have lost
enthusiasm for its development contact with Africa (including Nigeria).
Disillusioned with meager effects of project aid, donor governments
increasingly tied their aid to political reform and often to the
adoption of IMF approved Structural Adjustment Programme (SAP). The
relegation of Africa to the exclusive role of raw material producers,
producing or growing cash crops that were irrelevant to Africa and
Africans in turn, importing goods they did not really need, a phenomenon
aptly termed growth without development was as a result of European
domination of Africa.
A study of the relationship between Nigeria and European Union becomes a
study of the economic relations between a third world country and the
major developed market economy comprising countries in the international
economic system. The complex relationship marked by profound
inequalities in power in international division of labour and benefits,
is what likened these two categories of states.
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