THE CONTRIBUTIONS OF NKWO-NNEWI MARKET TO THE SOCIO-ECONOMIC DEVELOPMENT OF SOUTH EAST ECONOMY 1990-2022
Abstract
The research titled "The Contributions of Nkwo-Nnewi Market to the Socio-Economic Development of South East Economy (1990-2022)" explores the vital role of Nkwo-Nnewi market as a central economic hub in Anambra State, Nigeria. It investigates how the market, with its rich historical roots, has contributed significantly to the region's socio-economic growth by generating employment, fostering local entrepreneurship, and facilitating regional trade. The study made use of historical methods in both data collection and analysis. In data collection of the study made use of both primary and secondary sources. The primary sources used include: oral history, personal observation on the secondary sources used include: books, academic journals, report internet sources.
From the findings the study reveals Nkwo-Nnewi market has contributed towards the economic development shared prosperity, welfare of the community and the south east economy. The study also reveals that the market attracts far and near people from the south, south-west and the northern part of the country. The study also observe that the IPOB activities in the south east has stifle the growth of the market, specifically the Monday sit at home.
The study therefore recommend that the Governor, should curtail multiple taxation in the market and use the revenue from taxation to develop the market
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