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 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