THE IMPACT OF TRADE FAIR ON THE ECONOMIC DEVELOPMENT OF NIGERIA


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THE IMPACT OF TRADE FAIR ON THE ECONOMIC DEVELOPMENT OF NIGERIA 

CONCEPTS OF TRADE FAIR  

According to the oxford advance learners dictionary, a trade can be defined as the activity of buying and selling or exchanging goods and services between people or countries. And fair is defined as an event at which many different companies show and sell their product. Redfern and snedkerp. (2002:15) defined trade fair in their book as creating market opportunities for small enterprise as “A system of exchange that honors producers communities, consumers and the environment. According to them, the trade fair is a kind of model for a global economy rooted in people-to-people connections, justice, and sustainability.

However, the currently accepted definition of trade fair has been agreed by fine an informal association of four international trade fair networks (fair trade labeling organizations international, international trade fair association, network of European workshops and  European fair trade association) URL accessed on August 2, 2006, as “a trading partnership based on dialogue transparency and respect that seeks greater equity in international trade. According to these associated trade fair contribute to sustainable development by offering better trading condition and security and the right of marginalized producers and workers

2.3 EVOLUTION OF TRADE FAIR IN NIGERIA According to Aliyu A.Y (1990). “impact of the trade fair on economic recovery” proceeding of a seminar organized during the 1990 Kaduna international trade fair, that the trade fair in Nigeria is a result of direct importation of the European model and not as a result of traditional fairs that existed in the country before the coming of the Europeans. These fairs are informed of the local periodic markets involved along trade routes. The background trading partners before the arrival of the Europeans will be examined to see how these trade were.

TRADE AND TRADITIONAL FAIR Fair is associated with long-distance trade and is essentially periodic markets. Rural periodic markets and the larawan trade known as the tra-sharian trade are fairs under this definition. Trade-in Nigeria like another part of the world must have started as a function of organization which creates specialization, hence the need for exchange, this mainly refers to local trade. I.e. between rural and urban centers. The tras-sharian trade which originated in North Africa crossed the desert and reached the savanna region of Nigeria had an important stopover at kano and kistina. However, kano was more important of the two and its kurmi market was the leading market in the region. Many schools of thought have over the years propounded on what trade fairs should symbolize and try to achieve. At incidence, only small-scale manufacturing was in operation and it was mainly dominated by output of beer, soft drinks and tobacco production of textile and cement was also developing. Other industries were light manufacturing which includes blearing, oil milling, rubber processing e.t.c there was a conscious absence of engineering products such as machine tools or capital goods.

Therefore conscious efforts were made at modernizing the economy by the political administration through some measures of development planning introduced as instruments of economic management.

 

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THE IMPACT OF TRADE FAIR ON THE ECONOMIC DEVELOPMENT OF NIGERIA


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