Nigeria-United States Bilateral Trade Relations and its Implication on Nigeria's Economic Growth

This study examines the political economy of Nigeria -United States bilateral trade relations between 1999 and 2017. This work is necessitated on the premise that no state in the modern times can avoid involvement in international affairs, and this involvement must be systematic and based on certain principles. The objective of this work was to assess Nigeria-united states bilateral trade relation and its impact on Nigeria's economic growth. The Neoliberal theory formed a framework of analysis. Data for this study was obtained from both primary and secondary sources; the survey research design was adopted while descriptive qualitative method was used as the method of data analysis. The research unfolded findings shows that Although there is evidence that the two countries benefit significantly from their trade relations, US benefit outweigh that of Nigeria and Nigeria is becoming increasingly dependent on US perhaps over relying on its domestic product. There exist a noticeable imbalance of trade between US and Nigeria which favors US but this notwithstanding, the volume of trade between US and Nigeria is still on the increase indicating an improved economic and trade relations between Nigeria-US since 1999.The study recommended that Nigeria should renegotiate her economy relations with U.S to avoid the dumping of goods in Nigeria and to promote indigenously driven industrialization of the economy with U.S assistant and cooperation. Nigeria-U.S bilateral trade relations should go beyond economy ties but rather be directed to collaborate in industrializing Nigeria economy through technology transfer in this respect.