An examination of determinants of market competitiveness in Nigeria: Evidence from trade policy reforms in Lagos State (2000–2020)
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Background of the Study :
Market competitiveness is crucial for economic growth as it drives innovation, efficiency, and consumer welfare. In Lagos State, trade policy reforms implemented between 2000 and 2020 have aimed to enhance the competitiveness of local industries by reducing trade barriers, streamlining customs procedures, and providing export incentives (Okonkwo, 2023). These reforms are intended to create a more favorable business environment, enabling domestic firms to compete effectively in global markets. Studies show that coherent trade policies can boost productivity and stimulate industrial expansion, thereby contributing to overall economic performance (Adeniyi, 2024). However, issues such as regulatory inconsistencies, inadequate infrastructure, and global market pressures continue to challenge the effectiveness of these reforms. This study examines the key determinants of market competitiveness in Lagos State by analyzing trade data, regulatory frameworks, and business performance indicators. The goal is to identify the factors that drive competitiveness and to offer recommendations for refining trade policies to further enhance the market environment (Chukwu, 2025).
Statement of the Problem
Despite trade policy reforms, many industries in Lagos State continue to struggle with competitiveness due to persistent regulatory and infrastructural challenges. The gap between policy intentions and actual market outcomes highlights the need for a deeper understanding of the determinants of competitiveness. This study seeks to identify the factors that inhibit the effective implementation of trade reforms and assess their impact on industry performance. Addressing these challenges is essential for enhancing the business environment and ensuring that trade policies translate into sustainable competitive advantages for Nigerian firms (Okonkwo, 2023; Adeniyi, 2024).
Objectives of the Study:
1. To identify determinants affecting market competitiveness in Lagos State.
2. To evaluate the impact of trade policy reforms on industry performance.
3. To recommend measures to improve competitiveness.
Research Questions:
1. What factors determine market competitiveness in Lagos State?
2. How effective are trade policy reforms in enhancing competitiveness?
3. What policy measures can further boost industry performance?
Research Hypotheses:
1. H1: Trade policy reforms positively impact market competitiveness.
2. H2: Infrastructural deficits undermine competitive gains.
3. H3: Regulatory consistency improves industry performance.
Significance of the Study (100 words):
This study provides critical insights into the determinants of market competitiveness in Lagos State. Its findings will help policymakers and business leaders develop strategies to overcome regulatory and infrastructural challenges, thereby enhancing competitiveness and promoting economic growth in Nigeria (Chukwu, 2025).
Scope and Limitations of the Study:
The study is limited to Lagos State from 2000–2020, focusing on trade policy reforms and competitiveness indicators. Limitations include external market volatility.
Definitions of Terms:
1. Market Competitiveness: The ability of firms to compete effectively in domestic and global markets.
2. Trade Policy Reforms: Government measures aimed at improving trade efficiency and market access.
3. Lagos State: Nigeria’s commercial hub, serving as the case study.
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