Question 22
NECO
•
2020
•
GOVERNMENT
•
objective
Country A seeks to boost trade with Country B but is subject to economic sanctions imposed by Country C. It has two possible strategies: (i) negotiate a bilateral trade agreement with Country B while simultaneously requesting a waiver of the sanctions from Country C; (ii) join the Regional Economic Community (REC) that includes Country B, which would require adopting the REC's common trade and regulatory standards. Considering Nigeria's foreign‑policy objectives of (a) promoting economic development, (b) deepening regional integration, and (c) preserving national sovereignty, which strategy should Nigeria adopt? Justify your choice by evaluating at least two of the stated objectives.
Answer Options
A.
Nigeria ought to maintain the status quo and avoid both strategies, focusing instead on internal reforms. By not joining the REC or pursuing a bilateral deal, Nigeria preserves full sovereignty, though it forgoes potential gains in economic development and regional integration.
B.
Nigeria should adopt a mixed approach, first signing a bilateral agreement with Country B (Strategy i) and later joining the REC. While this sequence aims to combine immediate trade gains with long‑term integration, it delays the benefits of regional markets and may still expose Nigeria to sanctions pressures.
C.
Nigeria should negotiate a bilateral trade agreement with Country B while seeking a sanctions waiver from Country C (Strategy i). This approach directly addresses economic development by securing immediate trade benefits, but it risks compromising sovereignty because it relies on the goodwill of Country C.
Correct Answer
D.
Nigeria should join the Regional Economic Community (Strategy ii). This choice advances economic development by opening larger markets, deepens regional integration, and, through collective bargaining, helps preserve sovereignty despite the need to adopt common standards.
Correct Answer
D
Correct Option:
Nigeria should join the Regional Economic Community (Strategy ii). This choice advances economic development by opening larger markets, deepens regional integration, and, through collective bargaining, helps preserve sovereignty despite the need to adopt common standards.
About This Question
This is
Neco
2020
Government
Question 22.
It is one of the
objective
questions from the
2020
Neco
Government
examination.
Difficulty level:
Hard
.