Nigeria is a Third World country, otherwise called underdeveloped or developing. Like many Third World economies, its level of technological advancement is next to zero. It therefore relies on other technologically-advanced countries for the supply of a wide range of products which are absolutely necessary for day-to-day living in a fast-changing world. This need it fills through the importation of those needed products. Prominent among these imported products are electronic equipment like television sets, radio sets, VCD/DVD players, VHS/VCR players, refrigerators, computers, and a host of others. As would be expected, the importation of these products impacts significantly on the economy of Nigeria, negatively or positively, at both…



Source by Chuks Oluigbo