Nigeria is now at the midpoint of carrying out its development plan 19621968. It describes the history of industrialization while critiquing the process as well as impact of industrial policies formulation and implementation on nigeria s industrialization since 1943. Section 2 documents the performance of the nigerian economy focussing on the structure of economic activity on aggregate over time and comparatively with. Jul 25, 2019 industrialization is the process by which an economy is transformed from primarily agricultural to one based on the manufacturing of goods. This study examined the impact of industrialization on economic growth in nigeria for the period spanning from 1981 to 2015. Sep 14, 20 industrialisation and economic growth 1.
Industrial development and growth in nigeria brookings institution. An analysis of industrial relations practice in nigeria. In recognition of the importance of industrialization to economic growth and development nigeria, since independence has adopted various policies, incentives and schemes to promote industrialization. Uniprojects aim of providing impact of industrialization on nigerias economic development project research material is to reduce the stress of moving from one school library to another all in the name of searching for impact of industrialization on nigerias economic development research materials. Pdf on sep 29, 2010, thomotuya, vincent chinyere thomotuya and others published the role of import substitution industrialization policy in the economy of nigeria find, read and cite all the.
This research work deals on the impact of industrialization on nigeria s economic development. Buhari said industrialization cannot take place without reliable energy infrastructure. Import substitution industrialization henceforth isi was adopted in nigeria as far as back as 1960 ndebbio, 1994 and persisted till 1985 bushari, 2005. Pdf on sep 29, 2010, thomotuya, vincent chinyere thomotuya and others published the role of import substitution industrialization policy in the economy of nigeria. The coming of europeans, especially in the wake of formal trade contact, brought about the first widely recognized forms of modern industrialization. As far as developing countries are concerned, both the data figure 1 and the existing empirical. The impact of industrialization on nigeria economic. Industrialization was perceived as an instrument of economic growth that will the continent attain its assist to macroeconomic objectives high income, improved standard of living, selfreliance, job creation and balance of payment stability. The effect of electricity supply on industrial production. Nigeria should encourage the production of nonprimary export commodities and formulate policies that would attract foreign direct investment. Industrialization has always seemed to be the key to wealth and better living but in reality, it has been shown that, although it leads to better conditions of living in certain respects, it affects environment and ultimately contributes to climate change. Nigerian industrial development between 1943 and 20.
European scientific journal april 2016 edition vol. Department of economics and statistics faculty of social sciences university of benin benin city industrialization and economic growth in nigeria by oluwarotimi john ogundele march 2010 after presenting a comprehensive analysis of the classical, neoclassical and endogeneous new theories of economic. China nigeria memorandum of understanding mou was signed for investment in railways, refineries, agri industrialization, the mambilla hydroelectric project, and a general increase in trade on september, 2016. It serves to rcemphasize the reality of progress and problems for industrialization in west africa. Industrialisation or industrialization is the period of social and economic change that transforms a human group from an. Alternatively, you can download the file locally and open with any standalone pdf reader.
Impact of industrialization in nigeria semantic scholar. Pdf this study empirically evaluated the impact of industrialization on economic growth in nigeria. Impact of industrialization on nigerias economic development. Transforming africas agriculture through agroindustrialization. A loan in 2011 helped the ocp group growth and development in nigeria. In an industrial revolution there is a dramatic change from a society in which most. However, access to finance for industrial development has.
Industrialization is the process by which an economy is transformed from primarily agricultural to one based on the manufacturing of goods. Apr 26, 2020 industrialization in nigeria pdf download industrialization in nigeria pdf read online problems of industrialization in nigeria. Agroindustrialization agroallied industrialization is a formidable strategy for africa to realize the much needed structural transformation and sustain its economic growth. Although ideally, government 8 role in economic development should be, for the most part, one of help and encouragement to the private sector of the economy, the great shortage of entrepreneurial skills at all levels. Postindependence nigeria witnessed national development plans, which provided the conceptual framework for the development objectives, strategies for industrialization, government participation in the process of industrialization, and the fiscal and related policies for influencing industrial development.
As industrial workers incomes rise, markets for consumer goods and services of all kinds. The term also can also be used to describe an economic upheaval. It ultimately offers business leaders an overview of africa s biggest opportunities in the manufacturing sector, discussing trends, drivers, perspectives, and. Immediately after political independence economic, emasculation as well, this prompted the government to adopt. Some of these policies include the import substitution that gained currency in 1960s, indigenization policy that started in 1972. Department of economics and statistics faculty of social sciences university of benin benin city industrialization and economic growth in nigeria by oluwarotimi john ogundele march 2010 after presenting a comprehensive analysis of the classical, neoclassical and endogeneous new theories of economic growth and examining the theoretical relationship. Characteristics of industrialization include economic growth, more efficient division of labor, and the use of technological innovation to solve. In spite of these industrialization policies, nigeria is still at the bottom rung of development ladder as the industrial sector which was at a time. Chinanigeria memorandum of understanding mou was signed for investment in railways, refineries, agriindustrialization, the mambilla hydroelectric project, and a general increase in trade on september, 2016. Nigeria and the challenge of industrial development project muse.
Nigeria industrial policies and industrial sector performance. Impact of industrialization on economics growth in nigeria chapter one introduction 1. Read all the latest news, breaking stories, top headlines, opinion, pictures and videos about industrialization from nigeria and the world on today. Chapter 1 the industrial revolution he word revolution implies a dramatic change, and is usually used to describe a political event like our rejection of englands rule. Some economist and analysts are of the view that industrialization pl. Industrialisation or industrialization is the period of social and economic change that transforms a human group from an agrarian society into an industrial society, involving the extensive reorganisation of an economy for the purpose of manufacturing. Export promotion, import substitution and economic integration in nigeria tunde g. Import substitution industrialization as a development strategy, the aim was to reduce thedependence on imported consumer goods and erect employment opportunity for the teaming nigeria work forced, and since then, successive government at different point in time have involved serious. Very few nigerian businessmen are willing to launch a manufacturing venture at their own risk. Industrialization in west africa pdf free download. In 2012, the jonathan administration introduced the nigeria industrial revolution plan nirp in order to enhance local production of goods that were imported as well as chart a comprehensive course for turning nigeria from a country that only exports raw materials crude oil to one that has a solid manufacturing base.
Individual manual labor is often replaced by mechanized. Industrialisation and economic growth linkedin slideshare. Abundant oil and gas resources riches have brought billions of. This involves an extensive reorganisation of an economy for the purpose of manufacturing as industrial workers incomes rise, markets for consumer goods and services of all kinds tend to expand and provide a further stimulus. In india, the gini coefficient of household consumption expenditure fell in the 1950s as a result of. While industrialization has contributed to exports and employment in such countries as malaysia and china athukorala, 1996 and turned korea, a relatively small economy in 1999 into one of the largest producers of ships and microchips eca, 2011, africas experience with industrial policy and its outcomes since independence has been largely. Fixing challenges of industrialization, a catalyst for africa. The analytical tools employed on this research include ttest and regression analysis. An analysis of industrial relations practice in nigeria and ghana similarities and differences in their systems adeniji, moses adenuga abstract this research work compare and contrast industrial relations practice in two west african countries paying a particular. Demographically, the term urbanization denotes the redistribution of populations from rural to urban settlements over time. Impact of industrialization on nigerias economic development project material. Industrial development and economic growth 299 tion in overall poverty in the 19812001 period. In nigeria, import substitution and industrialization strategy has been pursued vigorously since the late 1950s. Impact of industrialization on economics growth in nigeria.
Impact of industrialization in nigeria pdf paperity. It is therefore anticipated that the ex cess labour resources in the country could only be ab sorbed by the desired positive developments in the proc ess of industrialization lewis, 1954. By definition, urbanization refers to the process by which rural areas become urbanized as a result of economic development and industrialization. Industrialization, trade globalization, nigeria introduction. Please, sit back and study the below research material carefully. The nigerian economy started experiencing serious difficulty in furthering its industrial development. Industrialization news latest breaking stories and top. This contributed to adverse impacts on industrialization in the country. Nigeria presents an example of a developing economy.
If you do not see its contents the file may be temporarily unavailable at the journal website or you do not have a pdf plugin installed and enabled in your browser. Industrialisation or industrialization is the period of social and economic change that transforms a human group from an agrarian society into an industrial society. External debt should be sourced for productive projects only and also as means of maintaining stable exchange rate. Industrialization in nigeria pdf download industrialization in nigeria pdf read online problems of industrialization in nigeria. Understanding the emerging relationship between china and. Political power and industrialization in the global periphery. In a subsequent paper, he focuses on the challenge of industrialization within the context of an open economy rodrik, 2007. However, nigerias level of technological and industrial development was similar to what obtained in many other colonial territories. The potential of manufacturing and industrialization in africa. Highly protective trade regimes have been followed partly to support this. The benefits of industrialization in employment generation, poverty reduction, improved living standard, improved economic growth and development. Industrialization not only involves technological innovations, it also involves economic and social transformation of the human society.
Secondary data was used and sourced from the central bank of nigerias statistical bulletin and was analyzed through the. This issue paper briefly presents the case for agroindustrial ization as africas viable path to sustainable economic growth. The impact of industrialization on nigerias economic. Abuja has been the capital of nigeria since december 12, 1991. According to preliminary results of the 2006 census and subsequent estimates, the most populous cities in nigeria are lagos about 8 million, kano 3. We are therefore working on a comprehensive overhaul of our power industry. More often than not, people commonly spe ak or argue that the. Uniprojects aim of providing impact of industrialization on nigerias economic development project research material is to reduce the stress of moving from one school library to another all in the name of. Chapter 1 the industrial revolution t digital history. Some communities do not have access to this basic social infrastructure. Fixing challenges of industrialization, a catalyst for. Onyemelukwe 5 notes that nigeria has embraced the factory type industrialization as the main panacea to her underdevelopment. Morocco to compete globally in phosphate and fertiliser production.
Click the download now button to get the complete project work instantly. John okah2 1department of finance and banking, faculty of management science, university of port harcourt, port harcourt, nigeria 2port harcourt north development office, first bank of nigeria limited, port harcourt, nigeria abstract. This revolution saw machines replacing human efforts in the production process. The role of human capital in industrial development. This research work deals on the impact of industrialization on nigerias economic development. The term industrialization emanated from the industrial revolution of 18th and 19th century in europe. Problems and prospects of industrialization in nigeria.
Export promotion, import substitution and economic. For us in nigeria, we are placing emphasis on diversification of our economy using small and medium enterprises, energy and mining sectors and agroallied industries. The benefits of industrialization in employment generation, poverty reduction, improved living standard, improved economic growth and development, balance of payment stability, selfreliance, stimulation of other sectors of the economy, and development of skilled manpower have been well established in the literature. Great britain, studies on industrialization in nigeria, have largely focused on the examination and analysis of single components of industrial activity or the spatial distribution and development of manufacturing industries. Download the complete economics project topic and material chapter 15 titled impact of industrialization on economic growth in nigeria here on projects. Secondary data was used and sourced from the central bank of nigerias statistical bulletin and was analyzed through the employment of augmented dickey fuller, kwiatkowski. Nigerias industrial sector looks set to benefit from renewed commitment to industrialization. However, it is important to acknowledge that the criteria for defining what is. Challenges and opportunities daibi w dagogo, department of banking and finance, rivers state university of science and technology, nigeria.
Some of these policies include the import substitution that gained currency in. In view of various policies adopted by successive governments to advance industrialization in nigeria, the study examined the effect human capital development has had on industrial growth in the light of various factors that could have shaped industrial performance. This is largely due to limited capital and to the lack of an industrial tradition. The date used is a secondary data, which was obtained from the publication of the central bank of nigeria statistical bulletin and the amial report of accounts.
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