This study offers an analytical evaluation of the effects of Free Trade Area (FTA) agreements on trade, revenue, and welfare in Nigeria. The study applied World-Integrated Trade Solution/Software for Market Analysis and Restrictions on Trade (WITS-SMART), anchored on a partial equilibrium model (PEM) for its simulations. The study simulated 100% tariff elimination on selected products under Harmonized System (HS)-2 classification code sourced from Trade Analysis Information Systems (TRAINS) and Common Format for Transient Data Exchange (COMTRADE). The study’s findings show that the African Continental Free Trade Area (AfCFTA) agreement will benefit Nigeria’s economy from trade creation estimated at US$8,860.419 million, including a favorable welfare gain to the value of US$740.571 million. Nevertheless, Nigeria will sustain losses in trade revenue, valued at US$6,142.061 million. The study recommends proficient revenue management and well-diversified revenue collection sources, such as improvement in Value Added Tax and Ad-Valorem duty, to cushion the effects of the revenue loss resulting from tariff elimination in the FTA.
The twin menace of corruption and poverty in Nigeria has been limiting the nation’s economic progress. This study, therefore, investigated the relationship between corruption and poverty in Nigeria with the objective of assessing their trends between 1999–2021 and investigating the relationship between them. The paper used both descriptive and inferential statistics. The stationarity properties of the variables of interest were assessed. Four (4) models were estimated in the paper. The paper found out that poverty has a positive and statistically significant impact on corruption in Nigeria while the impact of corruption on poverty is negative. This negative impact is not statistically significant. It was, therefore, recommended that governments at both the federal and state levels should concentrate more of their efforts on eradicating poverty in Nigeria through increase in economic growth, reduction in inflation and unemployment. In the face of rising level of poverty, every effort to fight corruption will be futile.
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