Crisis of Industrialization in Nigeria

Abstract

This paper explores the industrial crisis facing Nigeria. This crisis has been a consistent theme in the underdevelopment challenges confronting the nation. The paper made in-road into the persistent electricity problem and argues that institutional inadequacies and pervasive corruption have colluded to crippled the attempt at industrialization. It also identified several challenges bedeviling the quest for industrialization. To fix these problems, the paper calls for strong political commitment, increase in investment in science and technology, improvement in the infrastructure base and encouragement of the private sector.