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The Impact Of Industrialization On Nigeria’s Economic Development
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1.4 SIGNIFICANT OF THE STUDY
The
significant of this study lies in the fact that it will expose the
extent to which industrialization has contributed to economic
development of Nigeria. It will highlight some obstacles hindering
increase in industrialization and industrial output in Nigeria.
This
work will be relevant to entrepreneurs and government by directing them
on the easiest means of embarking on industrial development plan. The
relevance of this work also lies in the fact that it adds to the already
existing literature on industrial output.
Furthermore, this research
work will assist students of economics, government and real potential
industrialist, investors and other related coursed. Other researchers
will see this work veritable material in their field of study .
Finally,
since no knowledge is a waste, readers of this work will find it
interesting to know that high industrialization is the shortest route to
economic development.
1.5 SCOPE OF THE STUDY
This research work
deals on the impact of industrialization on Nigeria’s economic
development. The date used is a secondary data, which was obtained from
the publication of the central bank of Nigeria statistical bulletin and
the amial report of accounts. The analytical tools employed on this
research include t-test and regression analysis.
1.6 LIMITATIONS OF THE STUDY
A study of this nature cannot be done without some problems and as such it was constrained by many factors namely:
TIME:
While embarking on this detailed research work, the researcher was
having lectures, preparing for examinations, engaging in such activities
and domestic work as well. So time was not enough for the researcher to
perfect the work.
FINANCE: Financial inadequacy was the major
limitation of this work. The researcher was financially dependent as a
student. The need for materials, trips and logistics needed for this
research was not adequately provided.
DATA: The controversial nature
of the Nigeria data delayed this work. It took the researcher a lot of
time before the harmonization of the data used in this research work.
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ABSRACT - [ Total Page(s): 1 ]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. ... Continue reading---
