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Nigeria-Israel Relations: Prospects For A Diversified And Integrated Economic Development
Abstract
The essence of Nigeria-Israel relations has been questioned since the two countries established diplomatic ties; little wonder then that Nigeria’s foreign policies towards Israel scarcely gains national consensus, instead, they are dichotomized along diverse interests. This paper was an attempt to critically examine the factors that determine Nigeria-Israel relation, the impacts of the bilateral relation on the Nigerian economy, and the prospects for a diversified and integrated economic development. The paper argued that though Nigeria-Israel relation is partly shaped by diplomatic and ethno-religious influences, economic interest is paramount. Besides, notwithstanding that Nigeria recorded trade deficits within the period under review, it made invaluable gains in aid and investment relations. Meanwhile, the bilateral relation has been beneficial to both economies especially as their activities are more or less production oriented. The paper further averred that given the contributions and potentials of Israel’s economic activities towards developing the non-oil sectors, the bilateral relation holds positive prospects for diversifying and integrating the Nigerian economy.