THE IMPACT OF INDUSTRIALIZATION ON ECONOMIC GROWTH AND DEVELOPMENT IN NIGERIA
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
Abstract
This research work is on the “Impact of Industrialization on the growth of the Economy of Nigeria” between the period of twenty seven years (30) covered from 1980-2010. Impact of industrialization on the economy of Nigeria is a continuous discussion to every economy especially developing economy which will give rise to economic growth and development of a nation. Secondary data was used on PC Give 8.00 version package to regress the model with GDP as the dependent variable and industrialization savings net foreign capital flow and inflation as independent variables. The model explained that the influence of industrialization on economic growth is not statistically significant though the sign obtained from its à priori expectation is positively related to GDP but does not hold strong enough. Savings has a positive relationship and also a significant impact on the economy. Inflation has a negative relationship while net foreign capital flow is positively significant on the impact of economic growth. R-squared shows a 76% increase on the GDP. Based on the findings it is therefore recommended that some policies is to be made in ways to improve the establishment of industries especially the manufacturing industries to encourage industrialisation of the Nigerian economy so as to contribute to the strengthening of economic growth in the nation’s economy. Tax incentives through subsidies and government expenditure relate to increase in output and positive impact on economic growth. Increase in savings will make money available for the economy through high interest rate and income adjustments from the monetary policy.
Related Project Materials
THE EFFECT OF AGGRESSION AND VIOLENCE ON ACADEMIC PERFORMANCE OF SECONDARY SCHOOL STUDENTS
Abstract
This paper presents the findings on bullying behaviour among secondary school students in Ogbe Secondary Schoo...
THE ROLE OF FEEDBACK IN MOTIVATING EMPLOYEES
Abstract: THE ROLE OF FEEDBACK IN MOTIVATING EMPLOYEES
Objective: This study aims to...
CHARACTERISATION OF RECYCLED STEEL IN NIGERIA FOR QUALITY ASSESSMENT
ABSTRACT
The chemical and mechanical properties of recycled mild steel from scraps in Nigeria was investigated using the mechanical (stre...
INFLUENCE OF MOBILE PHONE USAGE ON CONVENTIONAL TOOLS AMONGST UNDERGRADUATE STUDENTS
ABSTRACT
The study seeks to investigate the influence of mobile phone usage on conventional tools by un...
THE EFFECTIVENESS IN USING MULTI MEDIA IN PRESCHOOL EDUCATION
ABSTRACT
The study aimed at investigating the influence of Multi-media materials on preschool children’s learning...
A CRITICAL REVIEW OF ACCOUNTING IN NIGERIA INSURANCE INDUSTRY
Abstract
This study will survey a critical review of the accounting system in Nigeria’s insurance industry....
THE ROLE OF TAX ACCOUNTING IN TRANSFER PRICING DOCUMENTATION
Abstract: THE ROLE OF TAX ACCOUNTING IN TRANSFER PRICING DOCUMENTATION
This study examines the role of tax accounting in transfer pricing...
ASSESSMENT OF POLICE BRUTALITY IN NIGERIA (A CASE STUDY OF ENDSARS PROTEST)
BACKGROUND OF THE STUDY
Police brutality has occurred all across the globe and continues to be a seriou...
AN APPRAISAL OF THE CRIME OF GENOCIDE IN INTERNATIONAL LAW: A CASE STUDY OF ITS APPLICABILITY TO SOME INCIDENCES IN NIGERIA
ABSTRACT
This study entitled: „An Appraisal of the Crime of Genocide in International Law: A Case Study of Its Applicability to Som...
STUDIES ON THE EFFECT OF GARLIC AND HONEY ON SOME UPPER RESPIRATORY TRACT INFECTIONS
Background Of The Study
Upper Respiratory Tract Infections, often known as URIs or URTIs, are a group o...
