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An Expository Study Of The Legal Framework For The Regulation Of Non-Oil Export In Nigeria

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An Expository Study Of The Legal Framework For The Regulation Of Non-Oil Export In Nigeria

Abstract

Non-oil export trade has been described as a catalyst for the overall economic development of a country thereby creating an avenue for raising the national income of that country. In Nigeria, various laws have been promulgated to control or regulate the non-oil export trade sector. However, despite the enactment of these laws and the institutional structures and policies set up by successive governments, the non-oil export trade has performed below expectation giving reason to doubt the effectiveness of these laws. This paper therefore analyses the major legal mechanisms
that have been established to regulate non-oil export trade with a view to ascertaining the extent of their efficacy and the flaws inherent in these statutory provisions. The study evaluates factors militating against the smooth implementation of the laws and recommends ways of curtailing
them. The crux of this study is to argue for a robust export regime in Nigeria which will facilitate
the formalization of non-oil export trade and boost the revenue of the country.