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ABSTRACT
The research work examines the economic relations of Israel and Nigeria
from 1992 to 2010. In order to ensure an in-depth comprehension of this
relationship, in this study, Nigeria’s foreign policy towards Israel
relating to foreign investment, bilateral trade, foreign Aid
and diplomatic interactions, were reviewed. Undoubtedly, Nigeria’s
foreign policy towards Israel was seldom subjected to referendum or
public hearing to arrive at a peoples’ oriented resolution and adoption
of the most domestically viable policy; rather, it was predominantly
influenced by the diametrically opposed interests among the foreign
policy elites along the lines of ethno-political cum religious
solidarity. This approach undermined to a large extent the political
relations in existence between the two countries and its consequent
rupture of diplomatic ties in 1992, while in the face of severance of
ties economic cooperation prevailed. To this effect, this work is set to
ascertain the extent to which Israeli-Nigeria economic relation has
increased the inflow of economic activities from Israel to Nigeria and
also empirically examine whether the bilateral economic relation has led
to increase in foreign aid from Israel to Nigeria. The researcher
applied the political economy approach in the study. This is believed to
be suitable as it explores the interplay between economics and politics in social existence. In the course of study, we made use of both primary and secondary data,
qualitative and quantitative data. We relied heavily but not
exclusively on the technique of “content analysis” to evaluate the data
generated in the course of this research. In the course of analysing
available data, it was ascertained that there was remarkable increase of
economic activities resulting from Israel-Nigeria economic relations,
and that Israel’s travails in Nigeria was rooted in the preponderance of
Muslim population,
and key positions in government. To this effect, it was not difficult
to influence the position of Nigeria in the conflict between Israel and
the Arab in the favour of the later in expression of some sort of
solidarity, be it political, religious or sentimental. Furthermore, the
study argues that Israel’s decision to foster strong links with the countries of Africa,
particularly Nigeria, was guided by several fundamental considerations,
and by far the most prominent, is political and diplomacy.
On the part of Nigeria, the relation is propelled by economic interest
as well as ethno-religious sentiments. Besides, Nigeria Israeli economic
cooperation centers more on the agro-industrial sector. Relying on
available data, the work argues that in spite of the deficits in the
balance of trade (1992-2010) on the side of Nigeria, the bilateral relations
improved and strengthened the economy of Nigeria. The researcher
recommends that if the benefits of the bilateral relations must be
sustained, Nigeria’s foreign policy elites must divorce sentiments from
the objective analysis of the country’s foreign policy and relations
towards Israel.
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