11 December 2015 – unrecorded trade: Nigeria’s booming borders

There is a new report from Chatham House UK on the causes and consequences of unrecorded trade across the borders of Nigeria. According to one estimate, informal trade accounts for 64% of Nigeria’s GDP. Excessive and complicated bureaucratic procedures and illegal ‘taxation’ along formal trade routes that results in smuggling are attributed as key factors.

There are a number of insights into how these cross-border dynamics of informal trade affect Nigeria’s agricultural and food markets, with some examples from markets in Northern Nigeria.

The report, written by Leena Koni Hoffmann and Paul Melly, makes a number of recommendations for how Nigeria could encourage more formal trade.

You can read more and access the full report here

 

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