Perspectives on Industrial Development in Nigeria

Perspectives on Industrial Development in Nigeria PDF

Author: Oyeyemi Adegbite

Publisher: Springer Nature

Published: 2022-01-01

Total Pages: 354

ISBN-13: 3030843750

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This book constitutes a critical review of Nigeria’s attempts to achieve rapid industrial development since independence from Britain in 1960. It details the issues, challenges, and hard choices confronted by Nigerian political leadership and highlights the reasons why the country ultimately failed to achieve industrial take-off in spite of its abundant human and material resources. Chapters take a retrospective look at government industrial development policies and programs, including the steel industry, agro-allied and forest-based industries, and the industrial estate development program. The book also discusses tariff and trade policies, incentives and disincentives to foreign direct investment (FDI) in the manufacturing sector, and small and medium enterprise (SME) development. The book concludes with a look at the recent drive towards regional integration as well as the potential impact of the Economic Partnership Agreement (EPA) between the European Union and sixteen countries of West Africa. Providing an exhaustive history of Nigeria’s economic and industrial development, this volume will be of interest to researchers and students of African economics, development studies, and industrial organization, as well as policy makers in both the public and private sectors.

Modernization and the Crisis of Development in Africa

Modernization and the Crisis of Development in Africa PDF

Author: Jeremiah I. Dibua

Publisher: Routledge

Published: 2017-11-28

Total Pages: 359

ISBN-13: 1351152904

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In this book, Jeremiah I. Dibua challenges prevailing notions of Africa's development crisis by drawing attention to the role of modernization as a way of understanding the nature and dynamics of the crisis, and how to overcome the problem of underdevelopment. He specifically focuses on Nigeria and its development trajectory since it exemplifies the crisis of underdevelopment in the continent. He explores various theoretical and empirical issues involved in understanding the crisis, including state, class, gender and culture, often neglected in analysis, from an interdisciplinary, radical political economy perspective. This is the first book to adopt such an approach and to develop a new framework for analyzing Nigeria's and Africa's development crisis. It will influence the debate on the development dilemma of African and Third World societies and will be of interest to scholars and students of race and ethnicity, modern African history, class analysis, gender studies, and development studies.

Implication of Big-push theory on Nigerian economic development

Implication of Big-push theory on Nigerian economic development PDF

Author: Erhunse Confidence

Publisher: GRIN Verlag

Published: 2020-02-19

Total Pages: 10

ISBN-13: 3346117197

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Seminar paper from the year 2020 in the subject Economics - Economic Cycle and Growth, grade: 4, Chukwuemeka Odumegwu Ojukwu University (Social Sciences), language: English, abstract: This paper examined the implication of Big-Push theory on Nigerian economic development. The theory provided an explanation of how developing countries can industrialize through broad-based investment and coordination. The paper looked at the meaning of Big-Push theory, assumptions and its implication on Nigeria economic development. If the need for a Big Push to survive in an economy that is open to international trade and capital movements, or if openness to trade and capital movements is sufficient to overcome all poverty traps, these questions have daunted development economics since its inception. The theory of the big push asserts that underdeveloped countries require large amounts of investments to come out of the problem of backwardness and launch policies for economic development. The logic behind this theory is that a programme of “bit-by-bit” investment will not have much impact on the process of growth and will only lead to a dissipation of resources. Policies designed to encourage the development of the Nigerian economy will need to be guided by the big-push theory.

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