Economic protectionism is the government practice of adhering to protectionist trade policies. A protectionist trade policy enables a country's government to promote domestic producers and thus boost domestic production of goods and services by imposing tariffs or otherwise restricting foreign goods and services in the marketplace.
Nigeria's trade and industrial policies follow a consistent and predictable pattern. To address the problems of import and oil dependency, successive Nigerian governments have used protectionist measures such as border closure like that of the 2019 land border closure, import restrictions, and exchange controls for decades.
Trade forex, CFDs, cryptos, and stocks with up to 1:1000 LEVERAGE with a true ECN broker. You can start trading on Kwakol with a minimum deposit of $50, lightning-fast execution, tight spreads, and low commissions for the broker.
