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.