What is the role of international trade in Nigerian economic development?

International trade plays a crucial role in Nigeria's economic development by providing access to foreign markets, promoting diversification of the economy, and attracting foreign investment. By exporting goods such as oil, agricultural products, and textiles, Nigeria can generate revenue and create jobs. Additionally, trade facilitates technology transfer and enhances competitiveness, which are vital for fostering sustainable growth. Overall, engaging in international trade helps Nigeria to strengthen its economy and improve living standards for its population.