Thus in this research work, effort is made to assess the impact of industrialization on economic growth of Nigeria. Enterpreneur- A person who organises, operates and assumes the risk for a business venture. This study will reveal that the industrial sector is engine for economic growth and development. The main aim of this plan was for industrialization. To examine ways in which industrial sector in Nigeria can be made to play a better role towards high productivity for economic growth of Nigeria… All these contributed to Nigeria being both technologically backward and industrious. Industrialization in Nigeria has the idea of transforming the peasant or idle workers of Nigeria into full time or part time industrial workers and on the other hand it will transform the structure of Nigerian economy. This material content is developed to serve as a GUIDE for students to conduct academic research, Item Type: Project Material | 51 pages | 1,409 engagements |, Item Type: Project Material | 54 pages | 2,497 engagements |, Item Type: Project Material | 53 pages | 1,933 engagements |, Item Type: Project Material | 50 pages | 2,336 engagements |, Item Type: Project Material | 50 pages | 3,136 engagements |, Item Type: Project Material | 50 pages | 2,692 engagements |, ©2021 IPROJECT - Final Year Research Project Topics & Materials In PDF & Doc | iproject, See More Economics Final Year Research Project Topics & Materials In PDF & Doc | iproject, IPROJECT - Final Year Research Project Topics & Materials In PDF & Doc | iproject. Presently in Nigeria, there are sources of finance specified to industrial sector made available by the government but in spite of them many industries have gone into collapsing while a good number are making effort to survive. The significant of the study lies on the fact that it will expose the extent to which industrialization has contributed to the economic growth in Nigeria. They see industrialization and agriculture as an integral part of development and structural change. The role of industrialization in economic development is summed up as under. Nigeria is a developing country, and the importance of agriculture in the country cannot be undermined because agriculture supplies the basic necessities of human life (food), it also … KASHIM ABDUL ALI, FNSE, NPOM, mni. The need for industrialization has become one of the problems facing Nigeria. 1, 24th January 2018 In the wake of the recent economic recession, the first since 1991, Nigeria released a new development plan – Economic Recovery and Growth Plan (ERGP) - that set out specific objectives Send the following details through Text Message, WhatsApp or Telegram, The Impact Of Industrialization On Economic Growth And Development In Nigeria, The complete material will be sent to your email address after sending us the above information, Cooperative Economics and Management Project / Seminar Materials. It will help in establishing the relevance of industrialization in order to uplift the economy. The worst aspect of it was that they exploited these resources at a cheap price, but when their product was brought into Nigeria, the prices were placed so high to exploit the nation. Such activities were engaged in, included farming, hunting and quarrying. This work intends to find out. Are you a final year student? The Effect Of Illiteracy On Co-Operative Societies In Nigeria (A Case Study Of Selected Cooperative Societies In Mbaitolu L.G.A, Imo State), An Analysis Of The Different Regular Sources Of Cooperative Finance (A Case Study Of Some Selected Cooperative Socieites In Ideator South Local Government Area, Imo State), The Impact Of Deregulation Of The Economy Of Nigerian Commercial Banks. In an economy where there is availability of industries, the majority of unemployed people will engaged themselves in productive activities. Thus in this research work, effort is made to assess the impact of industrialization on economic growth of Nigeria. There’s usually no meaningful economic growth without engineering inputs, which explains why engineering has a proportional relationship with development… Importance Of Industrialization In Economic Development 2076 Words 9 Pages There is a plenty of research work on the role of industrialization in economic development at the national and international level both in the developed and developing countries. The research work deals with the impact of industrialization on economic growth in Nigeria. Most developing nations define industrialization as a central objective of their economic policy they see; industrialization goes with agricultural progress as an integral part of growth and structural change. Nigeria is under -industrialized as a result of lip services being paid to technical t-ducation. What is the nature or relationship between economic growth and industrialization? Gross Domestic Product (GDP)- The gross domestic product is the market value of all officially recognised final goods and services produced within a country in a given period of time. In this research work, effort is made to analyze the impact of the industrial sector to the economic development of Nigeria. Samphina Academy is a reputable online educational resource centre that is duly registered with the CAC (Corporate Affairs Commission) under the federal law with RC:- 2887147. To analyse the performance of industrialization and its effect to Nigerians in economic growth. The study is therefore necessary to enable a thorough investigation of financial problems of the industrial sector especially that of the manufacturing industries and various government agencies setup to provide credit facilities to the industrial sector to ensure the continual growth of this sector for rapid economic development of this nation. He receives profit and bears losses. Industrialization in Nigeria has the idea of transforming the peasant or idle workers of Nigeria into full time or part time industrial workers and on the other hand it will transform the structure of Nigerian economy. industrialization has a negative impact on economic growth in Nigeria in the long run. For no reason should you copy word for word (verbatim) as samphina.com.ng will not be liable for any who copied the material. The aim of providing these materials is to reduce the stress of moving from one school library to another all in the name of searching for research materials. The scope of the study covers the role of mass media in economic development in Nigeria with emphasis on ESBS. THE ROLES OF ENGINEERS IN ECONOMIC DEVELOPMENT OF NIGERIA: BY ENGR. It has been observed that most poorly industrialized countries of which Nigeria is one, has not realised their economic development goal even with the existence of manufacturing industries within the economy. The attainment of political independence by Nigeria in 1960 made it possible for the 1st national development plan in Nigeria in 1962. The analytical tools employed on this research include t-test and regression analysis. Looking at Nigeria, globalization can play a major in the privatization role and commercialization of industries which simply mean the transfer of s government ownership to private ownership.Such ownership could be … The researcher was financially independent as a student and materials needed for this research was not provided. The provision of finance for industries is generally problematic world-wide and is therefore not specific to developing countries like Nigeria. The attainment of political independence by Nigeria in 1960 made it possible for the 1st national development plan in Nigeria in 1962. The analytical tools employed on this research include t-test and regression analysis. The industrial sector has been one of the major sectors in the Nigerian economy. The economic activities were based mostly on primary production especially on agriculture. All these contributed to Nigeria being both technologically backward and industrious. Industrialization in Nigeria has the idea of transforming the peasant or idle workers of Nigeria into full time or part time industrial workers and on the other hand it will transform the structure of Nigerian economy. Nigerians were among the most active and industrious group of people in Africa. Does industrialization have any impact on economic growth in Nigeria? They see industrialization and agriculture as an integral part of development and structural change. Quick & Simple, Make payment of ₦3,000: through USSD or Bank Mobile App, Send the following details through Text Message, WhatsApp or Telegram | 08143831497, The complete material will be sent to your email address after sending us the above information | Terms and Conditions Applied. The standard of living of the people in the economy will be improved and economic growth is gingered. The study is therefore necessary to enable a thorough investigation of financial problems of the industrial sector especially that of the manufacturing industries and various government agencies setup to provide credit facilities to the industrial sector to ensure the continual growth of this sector for rapid economic development of this nation. The study investigated the role of small scale enterprises in the economic development of Nigeria with specific reference to Small scale operators in Ijebu-ode local government area of Ogun state. The objective is to find out whether the role of financial institutions is improving the growth and development of Nigeria economy, to know what the government doing to maintain or encourage the financial institutions in the development of the Nigeria Economy. Does industrialization have any impact on economic growth in Nigeria? The effect of industrial development on the economic growth of Nigeria has over the past decade been a recurring issue for analysis like every economy most especially developing economies. Industrial development has had an important role in the economic growth of countries like China, the Republic of Korea (Korea), Taiwan Province of China (Taiwan), and Indonesia. All Rights Reserved. AN ASSESSMENT OF THE IMPACT OF INDUSTRIALIZATION ON ECONOMIC GROWTH AND DEVELOPMENT IN NIGERIA (1981 – 2016) ABSTRACT. The major purpose of this study is to examine industrialization and economic development in Nigeria. The provision of finance for industries is generally problematic world-wide and is therefore not specific to developing countries like Nigeria. It has been observed that most poorly industrialized countries of which Nigeria is one, has not realised their economic development goal even with the existence of manufacturing industries within the economy. Industrialization is regarded as a central object of economic policy in most developing economies. ». Industrialization- This is the process of moving resources into the industrial sector or it is the transformation methods of production involving the use of traditional or modern equipments or mechanized equipments. To analyse the performance of industrialization and its effect to Nigerians in economic growth. Insufficient capital is one of the reason Nigerian economy is termed underdeveloped or developing. The colonial masters at the same time took the Nigerian economy as a base for the supply of resources both mineral and agricultural raw materials for industries in their own country. Industrialization has since its invention helped the farmer get more work done in less time. When such funds are made available for industrialization and it is not properly utilized, it tends to create problems in the economy. Business Administration and Management (BAM), Cooperative Economics and Management (CEM), Electrical / Electronics Engineering (EEE), Industrial Relations and Personnel Management, Official List of Accredited Universities in Nigeria; Their Courses and Location, Courses in Nigerian Tertiary Institutions and the schools offering them, Direct Entry Past Questions and Answers for all Nigerian Universities, List of Accredited Polytechnics in Nigeria and their Courses, Complete List of Schools (Universities, Polytechnics and Colleges of Education) in Nigeria, Post UTME past questions and answers for all schools, Samphina Academy © 2021. The worst aspect of it was that they exploited these resources at a cheap price, but when their product was brought into Nigeria, the prices were placed so high to exploit the nation. It will highlight some obstacles hindering Nigeria from becoming an industrialized nation. The need for industrialization has become one of the problems facing Nigeria. Increase in national income. samphina.com.ng will only provide papers as a reference for your research. In this research work, effort is made to analyze the impact of the industrial sector to the economic development of Nigeria. Industrialization is the process through which the primary based economy becomes industrialized. Some economic analyst are of the view that industries play a vital role in the economic growth and development of any country. Hi- Industrialization has significant effect on economic growth. Some economic analyst are of the view that industries play a vital role in the economic growth and development of any country. Some economic analyst are of the view that industries play a vital role in the economic growth and development of any country. Insufficient capital is one of the reason Nigerian economy is termed underdeveloped or developing. Here the researcher was having lectures, preparing for examination, engaging in such activities and domestic works as well. He receives profit and bears losses. This work will assist students of economics, estate management, urban and regional planning etc on how to get jobs. The objective of the research is to appraise the activities of ADB and highlight the efforts that ADB plays in acceleratory the economic development in Nigeria and African in general. The significant of the study lies on the fact that it will expose the extent to which industrialization has contributed to the economic growth in Nigeria. When such funds are made available for industrialization and it is not properly utilized, it tends to create problems in the economy. financial inadequacy was the major limitation for this work. Industrialization is regarded as a central object of economic policy in most developing economies. The economic activities were based mostly on primary production especially on agriculture. The data used is a secondary data which was obtained from the publication of Central Bank of Nigeria. It took the researcher a lot of time before the harmonization of data used. To analyse the relationship between industrialization and economic growth. Industrialization in Nigeria was aimed at the achievement of import substitution and even export promotion. Shell has interests in several companies in Nigeria that help power economic growth and improve the quality of life for Nigerians. This study will reveal that the industrial sector is engine for economic growth and development. The objective is to appraise the role of the capital market to economic growth and economic development of the Nigerian capital market. According to Holis, Bacheney (1999:624) said that industrialization is the main hope of most countries trying to increase their level of income. This can be defined as the increase in the production and consumption of goods and services.It is also the increase in the output that the economy produces over a period of time. If industrial development is well encouraged it will be of great help to the developing economy and it will also go a long way in enhancing economic growth. The history of industrial development in Nigeria and other parts of the world shows that technological advancement came due to the need to reduce labour while simultaneously improving output in the agricultural sector. A strategy for the industrialization of less developed countries, concentrating initially on replacing imports by domestically produced substitute. ABSTRACT. Samphina Academy is an Online Educational Resources Center that is aimed at providing students with quality information and materials to aid them in succeeding in their academic pursuit. To evaluate the performance of the capital market in relation to the economic growth in Nigeria. The gross domestic product is the market value of all officially recognised final goods and services produced within a country in a given period of time. This service is legal because, all institutions permit their students to read previous projects, books, articles or papers while developing their own works. Get project topics and ideas with materials, Project and Seminar Material for Economics. Huge amount of capital is needed for an industrial development because it is a capital project that needs both labour intensive and capital intensive in abundant. To determine the contribution of industrialisation to Nigerian economic growth. modern process of industrialization of many countries in recent times. 1. Some economic analyst are of the view that industries play a vital role in the economic growth and development of any country. This work will assist students of economics, estate management, urban and regional planning etc on how to get jobs. Safety and security remain top priorities and we continue to work closely with communities, civil society, contractors and joint-venture partners, and federal and state government agencies to create a safe operating environment. A study of this nature cannot be done without some problems and as such it was considered by many factors namely time, finance and data. Industrialisation acts as a catalyst that accelerates the pace of structural transformation and diversification of economic, enable a country to fully utilize its factor endowment and to depend less on foreign supply of finished goods or raw materials for its economic growth, development and … Before colonial rule in Nigeria, there were numerous economic activities undertaken by Nigerians. Other general objectives of the study are: i. Industrialization is regarded as a central object of economic policy in most developing economies. To analyse the relationship between industrialization and economic growth. They see industrialization and agriculture as an integral part of development and structural change. FINANCE- financial inadequacy was the major limitation for this work. Some economist and analysts are of the view that industrialization plays a major role in the economic growth and development of any nation. They see industrialization and agriculture as an integral part of development and structural change. According to Holis, Bacheney (1999:624) said that industrialization is the main hope of most countries trying to increase their level of income. Industrialisation plays a significant role in economic development of any nation. And in underdeveloped and developing countries, agriculture is also one of the bases of their economic development as it is the occupation of most rural people in the country. Inadequacy was the major limitation for this work recent times data used is a secondary data was. 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