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Articles

CUJPIA: VOL. 11 NO. 2, DECEMBER 2023

Nigeria-United States Bilateral Trade Relations: An Evaluation of American Growth Opportunity Act (AGOA) 2010-2020

Submitted
July 16, 2024
Published
2023-12-25

Abstract

The study's hypothesis was that, since the American African Growth Opportunity Act (AGOA) was passed in 2000, exports from Nigeria to the US have grown significantly despite the challenges associated with non-oil exports being granted entry due to stringent
requirements in the US. The major goal of this study was to determine whether the US programme known as AGOA has any bearing on the growth of Nigeria's non-oil exports and on facilitating the profits and benefits of trade for Nigeria. Historical and descriptive
methodologies were used to attain the study's objectives. Consequently, the information was gathered from secondary sources. The results of this study showed, among other things, that despite an increase in Nigerian exports to the United States due to the numerous builtin barriers in the AGOA agreement, the United States' efforts to integrate Nigeria into the global economy through the AGOA since 2000 have not really changed the trade pattern and structure. It was suggested, among other things, that the Trade Preference Act be mainstreamed into the national development plans in light of the aforementioned findings.

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