An investigation of determinants of economic competitiveness in Nigeria’s manufacturing sector: A case study of Ogun State (2000–2020).
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Background of the study:
Economic competitiveness in the manufacturing sector is vital for sustainable industrial development and national economic growth. Ogun State, known for its vibrant industrial base, has witnessed dynamic changes in manufacturing practices, driven by both domestic reforms and global market trends. Determinants such as technological adoption, workforce skills, infrastructure quality, and regulatory frameworks have been critical in shaping the competitiveness of manufacturing firms. The study explores how these factors interplay to enhance productivity and market responsiveness in Ogun State. Recent literature emphasizes that competitiveness is not solely determined by production efficiency but also by innovation, strategic management, and effective supply chain coordination (Chinwe, 2023). However, persistent challenges like inadequate capital investment, regulatory bottlenecks, and limited research and development efforts continue to affect the sector’s performance (Bassey, 2024). This investigation considers empirical data and theoretical models to assess the impact of these determinants on economic competitiveness, thereby providing insights for policy interventions aimed at boosting industrial performance. The continuous evolution of global trade and technological advancements necessitates that Ogun State adapts its industrial policies to meet international standards and remain competitive in a challenging economic landscape.
Statement of the problem:
Despite the growth potential of Ogun State’s manufacturing sector, several determinants hamper its competitiveness. Issues such as technological gaps, workforce skill deficiencies, and infrastructural inadequacies have limited the sector’s ability to compete globally. Furthermore, inconsistent regulatory policies and insufficient investment in research and development have compounded these challenges, leading to suboptimal industrial performance (Nkem, 2024). This study seeks to identify the critical factors affecting economic competitiveness and develop strategies to address these limitations, thereby fostering a more resilient and competitive manufacturing environment in Ogun State.
Objectives of the study:
- To identify the determinants that influence economic competitiveness in Ogun State’s manufacturing sector.
- To analyze the impact of technological and infrastructural factors on competitiveness.
- To propose policy recommendations for enhancing the sector’s performance.
Research questions:
- What are the key determinants of economic competitiveness in Ogun State’s manufacturing sector?
- How do technological and infrastructural factors influence competitiveness?
- What policy measures can be implemented to improve industrial performance?
Research Hypotheses:
- Technological innovation positively influences economic competitiveness.
- Infrastructural inadequacies negatively affect manufacturing performance.
- Regulatory reforms can significantly enhance the competitiveness of the manufacturing sector.
Significance of the study:
This study is significant as it provides an in-depth evaluation of the determinants of economic competitiveness within Ogun State’s manufacturing sector. The research findings are expected to offer actionable insights for policymakers and industry stakeholders, promoting industrial growth and job creation. By addressing the challenges identified, the study contributes to the broader discourse on sustainable industrial development and economic resilience.
Scope and limitations of the study:
This study is limited to examining the determinants of economic competitiveness within the manufacturing sector in Ogun State, focusing on key factors and policy implications.
Definitions of terms:
- Economic Competitiveness: The ability of a firm or sector to compete effectively in the global market.
- Manufacturing Sector: The segment of the economy involved in the production of goods using labor, machines, and tools.
- Technological Innovation: The introduction of new technology or processes that improve efficiency and productivity.
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Chapter One: Introduction
