Impact of International Trade Policy on Poultry Business Development in Nigeria’s Federal CapitalTerritory (FCT), Abuja

Abstract

This study examined the impact of related international trade policies on poultry business development in Nigeria federal capital territory between 2021 and 2023.The study examined various international trade policies such as import tariff, local content, import quotas etc., as it affects product development, sale volume and market development. The objective of this study is to ascertain how import tariff affects product development; how local contents affect the sale volume and how import quota affects market development. The data used for this study were obtained through a well-structured closed ended questionnaire. The population size used for this study was one hundred and twenty [120] poultry farms evenly distributed amongst the six- area council of the federal capital territory [FCT]; the entire population was used as the sample. While the sampling technique adopted for the study was census sampling technique. The major findings of the study reveal that government induced tariffs greatly affects the product development in agricultural businesses. Also, that government policies on import quota affects the market development of agricultural businesses in Nigeria’s federal capital territories. In conclusion the study found out that international trade policy had significantly impacted on Agricultural business development especially the poultry industry in Nigeria’s Federal Capital Territory. The study recommends that policy makers should consider measures to enhance aspects of the international trade policies to further stimulate product development and also make policies that will enhance the local content as a significant positive contributor market development.