Pdf post independence nigeria and industrialisation strategies. At independence, the colonial masters bequeathed to us a manufacturing sector that was weak both in structure and content. Many saw nigeria, with 15% of africas population, as an emerging economy. Some of these policies include the import substitution that gained currency in. Contribution of agriculture to economic growth in nigeria1. Pdf post independence nigeria and industrialisation.
This paper investigates the contribution of the agriculture sector to economic growth in nigeria using the growth accounting framework and time series data from 1960 to 2011. In india, the gini coefficient of household consumption expenditure fell in the 1950s as a result of. Export promotion, import substitution and economic. Prior to oil, agriculture before 1970 was the economic mainstay. The dysfunctional state of nigeria center for global. The historical period of nigeriadustrialization policy can be classified into two eras the colonial pre1960 and the postcolonial post1960 periods. But these, and the several other features of the colonial economy, were explained in terms of the laissez faire philosophy of the time. States and nigeria have been accommodating, if sometimes tense. Environment and industrialization in nigeria metu, amaka g nnamdiazikiwe university, awkanigeria.
Since nigerias independence in 1960, different administrations have introduced policies targeted at not only diversifying the countrys economy but also. Manufacturing transformationcomparative studies of industrial development in. More recent estimates from the economic commission for africa eca reveal stagnation i n mva in the period 19821984. This, coupled with the significant emphasis on the oil economy, has contributed to the meagre performance of the manufacturing sector over the last fifty years. Impact of industrialization in nigeria semantic scholar. Numerous ancient african civilizations settled in the region that is today nigeria, such as the kingdom of nri, the benin empire, and the oyo empire. Governance, economic growth and development since the 1960s 3 failure and so government policy should only focus on making markets more efficient krueger, 1990. An overview of the nigerian economic growth and development. Presently, its estimated population is over 100 million people. Industry in ghana is mainly dominated by micro and small firms, privately owned and. The enhancement of industrial development has been a major policy focus in nigeria since the 1970s. This chapter chronicles the evolution of industry in ghana over the postindependence era from an inward overprotected isi strategy of 196083 to an outward liberalized strategy during 19842000, and since 2001, to the private sectorled accelerated industrial development strategy based on valueaddition. Please, sit back and study the below research material carefully.
Ever since then, the nigerian government has embarked on numerous economic and industrialization policies. Nigeria became politically independent of british monarch 1st october, 1960, and on october 8, 1960 she made her first appearance on the international arena when she joined united nations general assembly and became the 99th membernation of the organization. Problems and prospects of industrialization in nigeria. Britain eventually gained control of nigerian administration. Impact of industrialization on nigerias economic development project material. Its oil revenues per capita have increased tenfold in 35 years, but its income per capita has stagnated since independence in 1960, making nigeria one. The favorable policy stance of the federal government toward the industrial sector might have been informed by the obviously positive relationship between industrialization and general development of the nigerian economy. The political landscape since nigeria gained independence from britain in 1960 has, like that of much of the rest of africa, been turbulent. In recognition of the importance of industrialization to economic growth and development nigeria, since independence has adopted various policies, incentives and schemes to promote industrialization.
We are going to focus specially on those days between 1900 and 1960. The political landscape since nigeria gained independence from britain in. Despite all efforts, since october 1960, the level of industrialization remains very low even with the oil boom that comes intermittently. The quest for nigeria to be an industrialized economy with high. Pdf nigeria and the challenge of industrial development. Nigerian industrial development between 1943 and 20. The political economy of industrialization in nigeria it makes sense to say that the history of. However, with crude oil becoming the dominant product among nigerias exports, political elites and their administrations failed to harness the receipts from oil for a proper diversi. Islam reached nigeria through the borno empire between 1068 ad and hausa states around 85 ad during the 11th century, while. Use the free adobe acrobat reader to view pdf files. The nature and changes which took place in technological and industrial development in nigeria since 1960 as well as the factors responsible for the low level of development are also explored. It describes the history of industrialization while critiquing the process as well as impact of industrial policies formulation and implementation on nigerias industrialization since 1943. The history of industrial development and manufacturing in nigeria has been marred with a series of policy inconsistencies and distractions attributable to the discovery of oil.
Industrialization in nigeria was aimed at the achievement of import substitution and even export promotion. Since its independence in 1960, nigeria has steered a moderate course in foreign affairs, adopting a nonaligned stance while generally sustaining cordial rela. At independence in 1960 and for much of that decade, agriculture was the mainstay of the. This means that people clearly observe the macroeconomic instability in nigeria. Challenges and opportunities daibi w dagogo, department of banking and finance, rivers state university of science and technology, nigeria. In this writeup, you will have the opportunity to learn about what actually transpired in nigeria during the colonial days. Industrial development and growth in nigeria brookings institution. As a result, the political parties between 1951 and 1960 had begun playing leading roles in unifying and mobilizing the economic elites. Despite all efforts, since october 1960 the level of industrialization has remained very low, even with her oil. With financial resources available from oil and no development policy, unguided.
Post independence nigeria and industrialisation strategies. And of course, this country has quite a history behind it. The history of nigeria can be traced to prehistoric settlers nigerians living in the area as early as 1100 bc. After the civil war between 1970s and 1980s, nigeria started reaping the rewards of crude oil which it has earlier discovered in 1956. The main aim of this plan was for industrialization. However, a good number of these plants were established between late 50s and so, and by 1965, nigeria had recorded increase in the number of plants both in medium and large scale industries in the country. We find that the agriculture sector has contributed positively and consistently to economic growth in nigeria, reaffirming the sector. The scenario is a mixture of initial mild growth and subsequent retrogression.
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. Impact of industrialization on economics growth in nigeria. The study relied on primary and secondary sources of information. The performance of the nigerian manufacturing sector since independence has been unimpressive. The raw material of the series is drawn mainly from imf working papers. Political leadership and corruption in nigeria since 1960. Chapter 6 leadership, policy making, and economic growth. The potential of manufacturing and industrialization in africa. Achieving sustainable growth in industrial production has been a key pillar of nigerias economic reforms.
International journal of asian social science, 20, 38. The performance of the nigerian manufacturing sector. Export promotion, import substitution and economic integration in nigeria tunde g. Nigeria industrial policies industrialization strategies many industrial policies had been adopted since political independence of nigeria in 1960. The situation later picked up as industrialization soared during the oil boom era 1973 81 with manufacturing share of gdp reaching 11%, but later had a precipitous decline to about 5% in 2000. After independence, the nigerian economy seemed very promising. Mexicos trade and industrialization experience since 1960. Abstractthis study examines the challenges of industrialization in nigeria, with emphasis on the projects earmarked to support technological development and trail blaze industrialization in the fourth and fifth national development plan schedule. The extents to which foreign direct investments fdis are attracted or otherwise to any nation are largely. A brief overview of the nigerian manufacturing industry. It is an overall process and not a onesided affair. The economic issues series aims to make available to a broad readership of nonspecialists some of the economic research being produced in the international monetary fund on topical issues.
Governance, economic growth and development since the. In the period 19631973, unidos data base shows that the region recorded growth of 70% at constant prices falling to 57% in 19731981. Since the mid2000s, nigeria has maintained a growth rate of more than 6. Pdf since nigeria became independent in 1960, achieving economic development through rapid industrialization has remained a major. Uniprojects aim of providing impact of industrialization on nigerias economic development project research material is to reduce the stress of moving from one school library to another all in the name of. Nigeria and the challenge of industrial development project muse. Nigeria africas most populous nation, independent since 1960, occupies an area of 923,768 km2 with varied climates and seasons. Security and economic development in nigeria since 1960 dr.
The attainment of political independence by nigeria in 1960 made it possible for the 1st national development plan in nigeria in 1962. Man cannot claim to be developed when his life is insecure. A series of unfortunate political and economic events have stalled nigerian growth. Gdp, agriculture ar, industry id and services sector sv in nigeria. Industrial development and economic growth 299 tion in overall poverty in the 19812001 period. We can further classify the postcolonial period into import substitution strategy era 19601985, and the liberalization and outwardorientation period 1986 to. Eventually, nigeria became an independent nation in 1960. Review the industrial development policies in nigeria. Umoh introduction this article overviews the growth and development of the nigerian economy from inde pendence to present times. Journal of nigeria studies volume 1, number 2, fall 2012 political leadership and corruption in nigeria since 1960.
Impact of industrialization in nigeria pdf paperity. Although efforts have been made since late 80s to diversify the nigerian economy, the economy is still monolithic with oil export being in excess of 90% of total. European scientific journal april 2016 edition vol. Colonialism is a major feature of the economic history of nigeria.