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Effect of Calabar Export Processing Zone on the Economy of Cross River State, Nigeria

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Abstract

Given the role of export promotion in promoting foreign direct investments, hence economic growth and development, this study examined the effect of the activities of Calabar export processing zone on the economy of Cross River State. The study adopted the descriptive and analytical designs. The data for the study were obtained from the Cross River State planning commission and the Calabar export processing zone. The data were analyzed using the one way analysis of variance statistics technique (ANOVA) and the findings from the study revealed that there is a significant relationships between activities of Calabar export processing zone and generation of economic activities in Cross River State and there is a significant relationship between activities of Calabar export processing zone and employment generation in Cross River State. The study recommended promoting of entrepreneurial activities within the free trade zone, provision of infrastructural facilities, the dredging of Calabar sea port, among others.


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