Ajayi department of geography, university of ibadan, nigeria abstract perhaps one major problem facing nigeria today that has received little or no attention remains her low industrial base. Harnessing africas growth for faster poverty reduction. It is designed to accelerate growth in those industries where nigeria has comparative and competitive advantages such as the processing of food and agricultural products, metals. Developing countries, including nigeria, aim to achieve industrialisation and sustainable development. At the early stage of transition from an agrarian economy to a modern economy, the manufacturing sector in the typical developing economy has greater potential to. But, given past experiences, many are not yet convinced that this is the long term solution to nigerias industrial development challenges. More often than not, people commonly spe ak or argue that the. Because so little attention has been paid to african industry. Industrialisation and economic growth in nigeria by oluwarotimi john ogundele 2010 2 dedication to god almighty. The industrialization strategy aims at achieving greater global competitiveness in the production of processed and manufactured goods by linking. Impact of industrialization on nigerias economic development.
Nigeria adopted the structural adjustment programme sap in 1986 after the crash in world oil price in the early 1980s. Pdf impact of industrialisation on co 2 emissions in. Nigeria and the challenge of industrial development project muse. Organised labour has decried the rate of deindustrialisation in nigerian economy, lamenting that the manufacturing continues to decline faced with the challenge of inadequate power supply, high. Fixing challenges of industrialization, a catalyst for africa. Economic diversification for sustainable development in nigeria. This paper therefore seeks to discuss nigerias new industrial development strategy, the cluster concept, against the backdrop of previous policies. The primary sector, in particular, the oil and gas sector, dominates the. The study found that south korea industrialisation strategy and policies began with sufficient reform of macroeconomic environment, infrastructural reforms, development of domestic machines, establishment of interdependent industries, strong reliance on domestic resources for production.
In a quest for industrialization in nigeria, different industrial policies have been. Nigeria should pragmatically address the challenges of poor industrialisation to diversify her economy. The oil and gas sector is a major player the in economy andcontributes about 95% the countrys expoto rt earnings. Impact of industrial sector on nigeria economic growth mensch. The oil and gas sector is a major player in the economy and. Challenges and opportunities daibi w dagogo, department of banking and finance, rivers state university of science and technology, nigeria. Industrialization was perceived as an instrument of economic growth that will assist the continent to attain its macroeconomic objectives high income, improved standard of living, selfreliance, job creation and balance of payment stability. Structural transformation and jobless growth in nigeria. This crisis has been a consistent theme in the underdevelopment challenges confronting the nation.
However, project 100, which is expected to industrialise nigeria modelled after the south korean economic development template, shows early signs that perhaps, this time around, a grand vision of. Download the full project work from chapter one to five with reference. A brief overview of nigerias development history shows that, over the years, the government has implemented various policies geared towards industrialising the country. Pdf on sep 29, 2010, thomotuya, vincent chinyere thomotuya and others published the role of import substitution industrialization policy in the economy of nigeria. A submission to the first annual bank conference on africa. Problems and prospects of industrialization in nigeria. Import substitution industrialisation and economic growth. Nevertheless, industrialisation has remained the sine qua non for economic growth, longterm poverty reduction, job creation and the transformation of a traditional. Africa, egypt, and nigeria all regional outperformers in the global manufacturing competitiveness index, but also for newer players such as ethiopia, morocco, rwanda, and others all of whom have. Industrialisation or industrialization is the period of social and economic change that transforms a human group from an agrarian society into an industrial society. Industrialisation and economic growth in nigeria by oluwarotimi john ogundele 2010 1 this page is intentionally left blank 3. Industrial clusters have, however, thrived in the face of deindustrialisation in the country.
African leaders at the event underscored the need for accelerated industrialisation, through manufacturing, agriculture, infrastructure, real estate, amongst others. Impact of industrialisation on co2 emissions in nigeria. Nigerian industrial development between 1943 and 20. Industrial development and growth in nigeria brookings institution.
The agreement will facilitate cooperation between the bank and unido on joint activities of shared interest in areas such as agroindustry development, circular economy. Pdf nigeria and the challenge of industrial development. Department of geography, university of ibadan, nigeria. This is because industrialization comes with numerous benefits to any country that attains such status. The structure of the nigerian economy is typical of an underdeveloped country. The nigerian industrial sector performance has remained far from impressive despite efforts to advance it. 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. Project muse nigeria and the challenge of industrial. European scientific journal april 2016 edition vol. Financial reforms are part of the reforms implemented during the sap. Labour decries increasing deindustrialisation in nigeria. Most developing nations define industrialization as a central objective of their economic policy they see. Industrialisation policies in west africa kwabena nyarko otoo imprint published by.
In spite of the large amount of labor available, nigeria lt greatly handicapped by. Pdf industrialisation and economic growth in nigeria. Ogundele abstract the structure of the nigerian economy is typical of an. The role of the government in promoting industrialization and. To order copies of greening africas industrialization, economic report on africa by the economic commission for africa, please contact. The bulk of the gross domestic product is from the primary sector with agriculture carrying the greatest share. Since industrialisation is seen as an engine of growth, we conduct an empirical assessment of the effects of financial sector reforms on industrialisation in nigeria using an annual time series data over. Factors for successful nigerian industrialisation, export. The potential of manufacturing and industrialization in africa. Industrialisation in subsaharan africa policies for resolving africas economic and development crisis generally focus on the agricultural sector. 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. Industrial clusters, institutions and multidimensional poverty in nigeria1 oyebanke oyelaranoyeyinka columbia university, new york, u. Nigerias iron, steel sector challenge and quest for industrialisation the nigerian iron and steel industry established as a basis for industrialisation has remained unproductive even as the.
The study sets three major objectives, which include investigating the effect of fiscal. The work focused on the impact of industrialization on economic growth. Since, industrialisation is seen as an engine of growth, we conduct an empirical assessment of the effects of financial sector reforms on industrialisation in nigeria using an annual time series data over 1981 2015. However, there are few empirical studies that examined the impact of industrialisationled economic transformation on carbon emissions in. Three chapters devoted to import substitution examine the interaction of growing consumer demand and the market strategy objectives of foreign merchant firms which produced the sudden spurt of industrialization in the late 1950s. First an analysis of the industrialisation process from the early 1960s to the mid1990s, followed by discussion of the options for and possibilities of accelerated industrialisation in the late 1980s and 1990s. The economic development model which resulted in industrialisation in advanced economies and east asia followed a threestage process where the agriculture, industry and services sectors dominated output in that. Economic development and industrialisation in nigeria. This book provides a detailed study of how manufacturing and processing industries have developed in the largest country of west africa.
Introduction nigeria is the most populated african nation with a population of about 160 million. Industrialisation, employment and poverty introduction industrialisation1 is an important driver of employment growth and poverty reduction in developing countries. Nigeria, the human development report 2004 cited in 7 observed that of the 2002 estimated population of 120. Restrategising nigerias industrialisation and industrial.
The nation is made up of people of diverse cultures and. This involves an extensive reorganisation of an economy for the purpose of manufacturing. This briefing paper examines another neglected but crucial aspect of africas plight, the crisis of industrialisation. Nigerias president, muhammadu buhari urged african leaders to adopt practical policies and strategies that will see the. The attainment of industrialized status is the aim of any country seeking to develop in the world. The nigerian economy simply cannot at present absorb the existing labor supply. Some of these policies have been integral parts of nigerias national development. However, there are few empirical studies that examined the impact of industrialisationled economic transformation on carbon emissions in developing countries. The economic transformation agenda, otherwise known as nigeria vision 20. Impact of industrialization on economics growth in nigeria.
Notwithstanding, the need to promote industrialisation in nigeria remains as strong as ever. Below are some of the benefits nigeria would enjoy from being industrialized. The role of the bank of industry working paper series. The industrialisation of nigeria in pictures politics nairaland nairaland forum nairaland general politics the industrialisation of nigeria in pictures 7755 views how buhari ruined nigeria in 1year in pictures pdp imo state presents industrialisation plan in trade investment forum udom emmanuel kicks off state. The industrial sector accounts for 6 per cent of economic activity, while in 2011, the manufacturing sector contributed only 4 per cent to gdp. Pdf since nigeria became independent in 1960, achieving economic development through rapid industrialization has remained a major. Impact of industrialization in nigeria pdf paperity. The devastating effects of environmental degradation a case study of the niger delta region of nigeria fig working week 2009 surveyors key role in accelerated development eilat, israel, 38 may, 2009 214 the devastating effects of environmental degradation a case study of the niger delta region of nigeria angela kesiena etuonovbe, nigeria 1. Nigeria presents an example of a developing economy.
Nigerias iron, steel sector challenge and quest for. The industrialisation of nigeria in pictures politics nigeria. Due to natural resource wealth in africa, much of the regions industrial production remains. According to 8, residents of urban centers in nigeria in 1950 were less that 15 per cent of the population. 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. The devastating effects of environmental degradation a. Impact of industrial sector on nigeria economic growth 19812016 pdf. Otoghile ikponmwosa ebomoyi department of political science, university of benin, nigeria abstract this paper explores the industrial crisis facing nigeria. Keywords economic diversification, stability, sustainability, development 1.