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THE IMPACT
OF TRADE FAIR ON THE DEVELOPMENT OF THE NIGERIAN ECONOMY
ABSTRACT
The research
on “The Impact of Kaduna international trade fair on the development on
Nigerian economy” under taken to ascertain the Impact of the Kaduna trade fair
on the economy of Nigeria, however, the aims or objectives of the research is
to find out: what effect does Kaduna trade fair have on Nigerian economy. Among
the research instruments used was questionnaire to collect data or information
which was analyzed. Based on the arithmetic means population, it was discovered
from the data analyzed that trade fair have effect on Nigerian economy. In
conclusion, the researcher recommended that Kaduna international trade fair was
seen as an instrument for the development of the Nigerian economy.
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
In any
economy, the impact of trade fair can not be over emphasized as it play a vital
role in the over all economic, social and industrial development of a nation
economy. Trade fair is a periodic gathering of manufactures and producers of
goods and service exhibiting their latest products for promotional and sale
purposes, but it has been hijacked by Nigeria wholesale and retailers and
turned into a show of already exhibiting goods for their selfish aim of selling
at an exorbitant price and making as much profit as they could.
Kaduna as
well as the other states of Nigeria are blessed with basic natural resource and
intellectually that can make any geographical unit great. But however it is
very unfortunate that most of these resources and intellects are yet to be
harnessed and utilized. As much that trade fair show should come to play it
should be a show that could identify, help to tap and develop these resources
to mark an enviable and cohesive economy.
The
researcher is therefore out to find out how Kaduna international trade fair has
affected the economy of Nigeria.
1.2 HISTORICAL BACKGROUND OF KADUNA INTERNATIONAL
TRADE FAIR
Kaduna
international trade fair is the most important annual events in the calendar of
Kaduna chamber of commerce and industry, the events which was first of it kind
started as domestic fair emphasing on agricultural sector in 1974 on a biannual
basis the event continued until 1978 respectively in1979 the trade became
internationally organized on annual basis, the firs Kaduna international trade
fair was held in February 1979 at Murtala Mohammed square where a total of 205
exhibitors participated, from that period, the event continued to grow bigger
providing avenue for:
a. The provision and encouragement of
development of industries and industrial
inputs.
b. The promotion of all aspects of economic
sectors through national and international co-operation
c. The provision of access to research finding
new technologies and ideas for actualization by industrialist and policy in when
is through face to face interaction.
d. The creation of conducive atmosphere between
Nigeria and other nation for joint venture project in all facet of the economy.
e. The provision of channel through which the
government policies and programmes are made know and consequently attract international
and local investors.
1.3 STATEMENT OF THE PROBLEM
the Kaduna
trade fair, both domestic and the international trade fair are about thirty
eight years old today with the Kaduna international trade fair celebrating 34th
years anniversary last march 2008.
As old as it
seems to be, Kaduna trade fair is embedded with the following problems
1. The inability of the organizers to enlighten
other state of the federation to participate in the fair so as to show case
their potentialities.
2. The inability of Kaduna trade fair to
encourage the exhibition of new products and technology, is not different from
what is obtainable in the central market.
3. The organizers have failed to educate the
manufacturing and producing firms on the value and benefit associated with
these fair.
1.4 OBJECTIVE OF THE STUDY
The
objective of this research will be to find out the followings
1. To examine the impact of Kaduna international
trade fair on the Nigerian economy
2. To find out whether Kaduna trade fair have
succeded in creating on avenue for the introduction of new products into the
market
3. To ascertain whether Nigeria small and medium
scale enterprises have been participating at the Kaduna international trade
fair.
1.5 SIGNIFICANCE OF THE STUDY
The research
work if successfully concluded will be relevant to the following group.
a. Manufacturing and producers of goods and
services,
It is
important to this group because it will enlighten them on how to take advantage
of trade fair shows in Nigeria by exhibiting what they have in stock, their
creativity and innovation in other to attract both local and foreign investors
whom may want to invest in them, convincing them and of course it will lead to
a boost in the economic development.
b. The State
This
research work will also be important to the state because it will educate them
on how to show case their abundant resources to attract foreign investors.
c. The Researcher
The research
will broadened the knowledge of the researcher on the trade fair and its impact
on the Nigeria economy
THE TRADE
FAIR ORGANIZERS
The research
will be important to the organizers because it will make them to realize that
their duty is not only to provide exhibition space, lay down rules of the show
and provide security, but are equally responsible for organizing work shops,
seminars e.t.c. to both state and other exhibitors on what trade fair is all about
and how to go about it if it must contribute any value to the economy of
Nigeria.
1.6 RESEARCH QUESTIONS
1. Has there been any impact of Kaduna
international trade fair on the development of Nigeria economy?
2. To what extant has Kaduna international trade
fair create an avenue for the introduction and exhibition of new products?
3. Has Nigeria small and medium scale
enterprises benefit in their participation at the fair?
1.7 SCOPE OF THE STUDY
The research
topic” the impact of Kaduna international trade fair on the development of the
Nigeria economy” will focus more on the years 2002 to 2010 it is for data and
information generation, Also the research will focus more on trade fair and
other relevant and related subjects.
1.8 LIMITATION OF THE STUDY
The
researcher encountered some problem during the conduct of the research, below
are some of the problems.
a. Lack of co-operation from the respondents:
Some of the respondents were not ready or willing to respond as expected, this
they do by asking the researcher to call back some other time, some pay little
attention while others delay the filling of the questionnaire
b. Financial constraint: Due to the economic
situation in the country, financial support and so on the researcher was faced
with the problem and lack of enough educational materials, transportation like
and other inputs needed to carry out the research work, this went a long way in
affecting the research will.
1.9 DEFINITION OF TERMS
Trade fair:
Is exhibition of manufacturers produced and occasion when manufacturers and
producers of goods exhibits their products are take to potential customers.
Manufacturers:
They are producer of goods, is factory person or organization that produce
finished goods, from raw material.
Wholesaler:
A wholesaler may be defined as the trade who buys, goods in large quality to
the retailer, the wholesaler is also called the middleman because he is in
between the manufacture and the retailer.
Economy: Is
the realized economic system of a country on other area, it includes the
production, exchange, distribution and consumption of goods and services of
that area.
Development:
means provision of infrastructures and increase in per capital income or group.
It is the improvement of product techniques, level of output and the general
welfare of the people.
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