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A Describtive Analyses of the Challenges and Prospects of Industrialization: an Impediment to Economic Development in Nigeria

International Journal of Economics and Management Studies
© 2016 by SSRG - IJEMS Journal
Volume 3 Issue 6
Year of Publication : 2016
Authors : Algoni umar Sheriff
10.14445/23939125/IJEMS-V3I4P114
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How to Cite?

Algoni umar Sheriff, "A Describtive Analyses of the Challenges and Prospects of Industrialization: an Impediment to Economic Development in Nigeria," SSRG International Journal of Economics and Management Studies, vol. 3,  no. 6, pp. 16-23, 2016. Crossref, https://doi.org/10.14445/23939125/IJEMS-V3I4P114

Abstract:

Industrialization is critical to national economic development because it equips nation with the skills, equipment and processes to make fuller and better use of its resources for greater and more diversified production and exchange. In the last fifty years many developing countries have transformed their economies through rapid industrialization, even in Africa and other nations in Europe, east and North America which hitherto they were parallels with Nigeria. But Nigeria is not among them. This paper analyzed the fact that Nigeria is one country that has numerous challenges yet has the great potential for industrialization, which should be fully exploited.

Keywords:

This paper analyzed the fact that Nigeria is one country that has numerous challenges yet has the great potential for industrialization, which should be fully exploited.

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