Russia-Ukraine War on Nigeria’s Economic Growth

The article examines Russia-Ukraine war on Nigeria’s Economic Growth, and Nigeria’s trade relations with Russia and Ukraine, importantly, in the areas of imports and exports, which influences the nation’s Real Gross Domestic Product. The paper identifies problems, ranging from Russia’s invasion of Ukraine which led to a sharp rise in the global oil prices, and difficulties on imports and exports between Russia-Ukraine and Nigeria’s economic growth. The work advances the social contract interest group approach to envisage and capture wide range perspectives on the impact of the Russia-Ukraine war on Nigeria’s economic growth. The paper involves two research analysis: descriptive and qualitative analysis which demonstrates its high level sources from both the dual nations, international Organisations and scholars in the field of conflict and economic growth. The aim and objectives of the study is to determine the impact of Russia-Ukraine war on Nigeria’s economic growth as both are trading partners with Nigeria. It shows that Nigeria’s imports and experts from Russia and Ukraine declined tremendously as a result of the war, and the Russia imposed sanction by the Western Countries and their ally, the United State of America. The study concludes that Nigeria’s trade relations with Russia-Ukraine, specifically, in terms of imports and exports have influenced the nation’s economic growth due the war as the trade relations influenced Nigeria’s economic performance. The paper recommends that there should be high-value Nigeria products that will meet the needs of the Russian/Ukrainian markets which include: lowering of tariffs, organizing trade fair etc.