Industrial Development in Nigeria

INDUSTRIAL victimisation IN NIGERIA IN THE CONTEXT OF GLOBALIZATION By B.W. Adeoye query Fellow sparing Development Department Nigerian Institute of Social and Economic Research ( NISER ) Ibadan. A paper submitted for presentation at the forty-fifth Annual Conference of the Nigerian Economic Society(NES), Holding in Abuja between 24th and 26th August, 2004. February, 2005. INDUSTRIAL DEVELOPMENT IN NIGERIA IN THE CONTEXT OF GLOBALIZATION Abstract The fundamental issue address in this paper is the extent to which Nigeria has rebody structured her industrial and trade systems for effective industrialisation within the on-going trade globalisation process.Basically, the study employs historical analysis of trade and industrial systems in Nigeria. Findings from the study cave in that the Nigerian economy has not changed its merchandise and import structure everywhere the 1970 - 2002 period. The only changes that have taken place to its export was just a mere shift in exported growth indicating a sign of export substitution from main(a) agro industry-based exports to primary mining industry-based exports(i.e crude oil).

The results also suggest that the structure of imports has not changed significantly over the period 1970 - 2002 despite series of strategies and policies localise in place by the government. While the reforms favoured domestic resource-based industries, it produced an inverse impact on import intensive, low value-added units. In fact, over 70 per cent of the total imports were still fabricate goods, around of which consisted of industrial raw materials, spare parts, machinery and equipments and capital goods. Generally, enough incentives for expeditious resource allocation in order to promote manufactured exports within the on-going process of globalisation coupled with economic easiness and deregulation paradigms have not been created. It was proposed that a mixture of the invisible... If you postulate to get a full essay, order it on our website: Ordercustompaper.com

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