The industrial sector remains a strong sector of any economy, be it developed or developing. The developed countries are noted for their high industrial performance. The effect of the industrial activities on the economy of underdeveloped or developing nation si still under contention. It’s a fact that the economy will not grow without its industrial activities. These activities include: agriculture, manufacturing, mining and mineral processing and export opportunities for manufacturers. This study specifically analyze the impact of industrialization to economic development. It postulate that in spite of the effort of Nigerian government, Nigeria still show a stunted growth because of some constraints. In order to redress these problems, it was suggested that government should ensure policy consistency by allowing fiscal and monetary policies to work themselves out before a counter policy is introduced, also, industrial policy must be designed, reviewed and implemented in such a way that it will facilitate and not discourage investment in the sector. Based on the above, the prosperity of the nation to a large extent dependents on the development and sustenance of the industrial sector.
TABLE OF CONTENTS Title Page Certification Dedication Acknowledgment Table of Contents Abstract
CHAPTER ONE: INTRODUCTION 1.0 Background of the Study 1.1 Statement of the Problem 1.2 Objective of the Study 1.3 Hypothesis of the Study 1.4 Significant of the Study 1.5 Scope of the Study 1.6 Limitations of the Study
CHAPTER TWO 2.0 Literature Review 2.1 Theoretical Literature 2.1.1 Industrial Sector and Nigerian Economy 2.1.2 The Rationale/Reasons for Increased Industrial Output 2.1.3 Problems of Industrial Development in Nigeria 2.1.4 Government Incentives/Policy Measures to the Industrial Sector 2.2 Empirical Literature 2.3 Limitations of the Previous Study
CHAPTER THREE: RESEARCH METHODOLOGY 3.0 Methodology 3.1 Model Specification 3.2 Method of Evaluation 3.3 Model Justification 3.4 Data Sources and the Econometric Software
CHAPTER FOUR 4.0 Presentation and Analysis of Result 4.1 Regression Result 4.2 Result Interpretation 4.2.1 Economic A Priori Criteria 4.2.2 Statistical Criteria 4.2.3 Econometric Criteria 4.3 Policy Implications
CHAPTER FIVE 5.0 Summary 5.1 Policy Recommendation 5.2 Conclusion References
THE IMPACT OF INDUSTRIALIZATION ON NIGERIA’S ECONOMIC DEVELOPMENT
ABSTRACT The industrial sector remains a strong sector of any economy, be it developed or developing. The developed countries are noted for their high industrial performance. The effect of the industrial activities on the economy of underdeveloped or developing nation si still under contention. It’s a fact that the economy will not grow without... Continue Reading
ABSTRACT The industrial sector remains a strong sector of any economy, be it developed or developing. The developed countries are noted for their high industrial performance. The effect of the industrial activities on the economy of underdeveloped or developing nation si still under contention. It’s a fact that the economy will not grow without... Continue Reading
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Most developing nations define industrialization as a central objective of their economic policy they see; industrialization goes with agricultural progress as an integral part of growth and structural change. Some economist and analysts are of the view that industrialization plays a major role... Continue Reading
INTRODUCTION It is an undisputable fact that Nigeria of the pre-independence era was predominately small scale in its productions and marketing activities. Industrial revolution brought about a shift from the orthodox trade by barter to a more sophisticated marketing system where consumers satisfaction becomes the ultimate goal of the most... Continue Reading
INTRODUCTION It is an undisputable fact that Nigeria of the pre-independence era was predominately small scale in its productions and marketing activities. Industrial revolution brought about a shift from the orthodox trade by barter to a more sophisticated marketing system where consumers satisfaction becomes the ultimate goal of the most... Continue Reading
1.1 BACKGROUND OF THE STUDY In the 60’s the Nigerian economy depended entirely on agriculture as the main source of foreign exchange earnings, and of employment for the teeming population. Also in that early 60’s Nigeria economy was mainly depended on agriculture hence the period of groundnut pyramids, the hides and in North, palm oil and palm... Continue Reading
1.1 BACKGROUND OF THE STUDY In the 60’s the Nigerian economy depended entirely on agriculture as the main source of foreign exchange earnings, and of employment for the teeming population. Also in that early 60’s Nigeria economy was mainly depended on agriculture hence the period of groundnut pyramids, the hides and in North, palm oil and palm... Continue Reading
CHAPTER ONE INTRODUCTION 1.1 Background to the Study Industrialization has been regarded as a veritable channel of achieving lofty and desirable goals of improved technology and improved quality of lives of the citizens of the country. Countries develop their industrial sectors for many reasons: (i) industries have more backward... Continue Reading
ABSTRACT The main objective of the study is on the assessment of the impact of industrialization on economic growth of Nigeria. The study however investigates the economic growth vis-à-vis industrial output, investment and inflation. Ordinary Least Square (OLS) is used to estimate the three major macroeconomic variables with a view to... Continue Reading
CHAPTER ONE INTRODUCTION 1.1 Background to the Study Industrialization has been regarded as a veritable channel of achieving lofty and desirable goals of improved technology and improved quality of lives of the citizens of the country. Countries develop their industrial sectors for many reasons: (i) industries have more backward... Continue Reading