An Economic Assessment of the Industrial Sector in Nigeria’s Fledgling Fourth Republic
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Date
2004-06
Authors
Dauda, R.O.S
Journal Title
Journal ISSN
Volume Title
Publisher
Faculty of Social Sciences, University of Uyo
Abstract
This paper analyses the experience of industrial development in Nigeria under different political regimes.
Specifically, it investigates into the extent to which the industrial sector has developed or deteriorated since the inception of the new civilian administration under the leadership of Chief Olusegun Obasanjo between June 1999 and December 2002. Problems of the sector relating to infrastructural bottlenecks, productivity
(efficiency), structural issues, and intemational competitiveness of local commodities among others are discussed. In the process, it beams the searchlight on the key challenges facing the sector in a changing global environment. Industrial performance based on selected indices was unsatisfactory during the period under review. This paper underlines the need for a more active, systematic and determined approach to industrial development with a view to quicken the achievement of structural transformation and resuscitating the Nigerian economy on the p~h of sustainable growth and development.
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Keywords
Economic Assesment , Industrial Sector
Citation
Dauda, R.O.S (2004) An Economic Assessment of the Industrial Sector in Nigeria’s Fledgling Fourth Republic. International Journal of Social Sciences, volume 3 (1)