The Performance of the Nigerian Manufacturing Sector: A 52-Year Analysis of Growth and Retrogression (1960- 2012)

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dc.contributor.authorBanjoko, S.A.
dc.contributor.authorIwuji, I. I.
dc.contributor.authorBagshaw, K.
dc.date.accessioned2017-10-23T09:28:56Z
dc.date.available2017-10-23T09:28:56Z
dc.date.issued2012
dc.descriptionStaff publicationen_US
dc.description.abstractThis paper examines the performance of the Nigerian manufacturing sector since independence in 1960 using such performance indices as percentage contribution to the Gross Domestic Product, index of manufactured products, percentage growth rate, manufacturing value added, employment growth rate, and percentage of capacity utilization within this period. Secondary sources like the Central Bank of Nigeria Statistical Bulletin, Annual Reports and Statements of Accounts as well as the Statistical Facts sheets of the National Bureau of Statistics and other publications were used in collecting the data. The main finding is that despite many policies and developmental initiatives undertaken by successive civilian and military administrations since independence, the Nigerian manufacturing sector has grossly underperformed in relation to its potentials. Daunting challenges facing the sector include unfavourable business environment, erratic power supply, poor and decaying physical infrastructures, multiple taxations, obsolete technology, high interest rates and inconsistency in government policies. The paper concludes by making recommendations for achieving a verile manufacturing sector.en_US
dc.identifier.citationBanjoko, S.A., Iwuji, I. I. and Bagshaw, K. (2012), The Performance of the Nigerian Manufacturing Sector: A 52-Year Analysis of Growth and Retrogression (1960-2012), Journal of Asian Business Strategy, Vol. 2 (8), pp. 177 -191.en_US
dc.identifier.issn2225-4226
dc.identifier.issnhttps://scholar.google.com/scholar?hl=en&as_sdt=0%2C5&q=The+Performance+of+the+Nigerian+Manufacturing+Sector%3A+A+52-Year+Analysis+of+Growth+and+Retrogression+%281960-+2012%29The+Performance+of+the+Nigerian+Manufacturing+Sector%3A+A+52-Year+Analysis+of+Growth+and+Retrogression+%281960-+2012%29&btnG=
dc.identifier.urihttp://ir.unilag.edu.ng:8080/xmlui/handle/123456789/2463
dc.language.isoenen_US
dc.publisherAsian Economic and Social Societyen_US
dc.subjectGross Domestic Producten_US
dc.subjectNational Bureau of Statisticsen_US
dc.subjectEmployment growth rateen_US
dc.subjectNigerian manufacturing sectoren_US
dc.titleThe Performance of the Nigerian Manufacturing Sector: A 52-Year Analysis of Growth and Retrogression (1960- 2012)en_US
dc.typeArticleen_US
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