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THE IMPACT OF KADUNA
INTERNATIONAL TRADE FAIR ON 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 facedwith 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.
1.8 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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