ROLES OR CONTRIBUTIONS OF THE SERVICE INDUSTRY TO ECONOMIC DEVELOPMENT OF NIGERIA
The service industries do countries greatly to the economic development of Nigeria in the following ways.
- Economic growth: The service industry through its activities in the economy does contribute towards the growth of the economy.
- Generation of employment: The service industry through all its activities in trading, banking, transportation, communication, helps to generate abundance employment for the people.
- Aids to trade: Service industry through banking, ware housing and transportation do assist in enhancing trading in the economy of the nation.
- Generation of Revenue: Service industry generates revenue both for the government and the people who are engaged in the industry.
- Diffusion of ideas and technology: Through the activities of people engaged in the service industry, new idea and technology are transferred from one country to another.
- National integration: Through the service industry, different regions in the country are brought in constant touch with one another. This enhances national integration and interaction among the people in a country.
- Stimulation of other sectors: The service industry does stimulate the growth of other sectors like manufacturing and construction industries.
- Infrastructural development: The service industry through its activities in the economy stimulates the development of infrastructures like roads, telephone, electricity and pipe borne water.
- Diversification of the economy: The service industry also helps to ensure the diversification of the economy through its branches like tourism.
- Manpower Development: Many people are trained in different areas e.g. Doctors, Lawyers, Musicians, Teachers, Police and Army
- economic tools for nation building
- factors affecting the expansion of industries
- bud
- mineral resources and the mining industries
- demand and supply
- types of demand curve and used
- advertising industry
- factors of production
- entrepreneur
- joint stock company
RINDER PESTS
148. NEWCASTLE DISEASE
149. BACTERIA DISEASES
150. ANTHRAX
151. BRUCELLOSIS
152. TUBERCULOSIS
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