NIGERIA-CHINA TRADE RELATIONS, IT’S IMPACT ON SMALL-SCALE BUSINESSES: THE CASE OF ADIRE TEXTILE INDUSTRY

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ABSTRACT

For the wellbeing of citizens and quest for development, countries interact with each other to establish economic relations. This becomes paramount as no nation can survive in isolation. Interacting with countries is beneficial because it brings about development in economic, social, and political needs. For the purpose of rapid development and breaking of barriers that militate against the smooth interactions between nations, hence the widened embrace of globalization. In breaking these barriers through globalization, the small and medium (scale) enterprises especially the tie-dye textile industry have been deprived of the opportunity it can offer so as to improve on the day-to-day living of the citizens. The adire textile design, which is a signature of Nigerian textile, has recently been simulated by the Chinese; thus mass producing and selling it at extremely lower prices, thereby making the locally made adire lose its comparative market value, and at the same time forcing the local producers to be jobless. the study evaluates the impact of Nigeria-China trade relations, using the simulation of the Nigeria’s adire textile designs by China and its impact on the industry In order to analyze the data collected for this study, qualitative descriptive method of data analysis was adopted. The study revealed that the trade imbalance between Nigeria and China cannot be overemphasized. This is so because of the high level of imports from China to Nigeria as against the little export from Nigeria to China, most especially the snatching of the indigenous tie-dye, simulated pattern. It was recommended that Nigeria should look inward, revamp the SMEs especially the tie-dye industry because there lies the key to development and that the government should revisit her international policies and take some actions to prevent further collapsing of the industry.

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