STRATEGIES OF INDUSTRIALIZATION

STRATEGIES OF INDUSTRIALIZATION

Many strategies have been adopted by the government aimed at achieving industrial development in  Nigeria. These strategies include:

  •  Import-substitution strategy: The import-substitution strategy involves deliberate attempt by government aimed at encouraging the growth of industries within the country which produce goods and services which would otherwise have been imported.

  •  Export promotion strategy: Export promotion strategy is also a deliberate government policy aimed at encouraging the production of commodities for export.

 Government can do this through the granting of tax concessions, reducing export duty, finding realistic exchange rate, providing assistance on export costing and pricing and organization of trade fairs to expose home-made goods can also encourage the development of small and large scale industries with t aim of developing the industrial sector: the economy.

The small scale industry under the “small scale industrial scheme encourage the establishment such industries in rural areas in order to prow employment to the rural people prevent rural-urban migration.

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  1.     economic tools for nation building
  2. budgeting
  3. factors affecting the expansion of industries
  4. mineral resources and the mining industries
  5. demand and supply
  6. types of demand curve and used
  7. advertising industry
  8. factors of production
  9. entrepreneur
  10. joint stock company
  11. public enterprises
  12. private enterprises
  13. limited liability companies
  14. migration
  15. population
  16. market concept
  17. money market
  18. shares
  19. how companies raises funds for expansion
  20.  

WEED AND THEIR BOTANICAL NAMES
1. ENVIRONMENTAL FACTORS AFFECTING AGRICULTURAL PRODUCTION
2. DISEASES
3. 52. SOIL MICRO-ORGANISMS
4. ORGANIC MANURING
5. FARM YARD MANURE
6. HUMUS
7. COMPOST
8. CROP ROTATION
9. GRAZING AND OVER GRAZING
10. IRRIGATION AND DRAINAGE
11. IRRIGATION SYSTEMS
12. ORGANIC MANURING
13. FARM YARD MANURE
14. HUMUS
15. COMPOST
16. CROP ROTATION

  1. IRRIGATION AND DRAINAGE
    19. IRRIGATION SYSTEMS
    20. INCUBATORS
    21. MILKING MACHINE
    22. SIMPLE FARM TOOLS
    23. AGRICULTURAL MECHANIZATION
    24. THE CONCEPT OF MECHANIZATION
    25. PROBLEMS OF MECHANIZATION
    26. SURVEYING AND PLANNING OF FARMSTEAD
    27. IMPORTANCE OF FARM SURVEY
    28. SURVEY EQUIPMENT
    29. PRINCIPLES OF FARM OUTLAY
    30. SUMMARY OF FARM SURVEYING
    31. CROP HUSBANDRY PRACTICES
    32. PESTS AND DISEASE OF MAIZE- ZEA MAYS
    33. CULTIVATION OF MAIZE CROP
    34. OIL PALM
    35. USES OF PALM OIL
    36. MAINTENANCE OF PALM PLANTATION
    37. COCOA
    38.
    39. PROCESSES IN COCOA CULTIVATION
    HOLING AND LINING
    40. YAM
    41. LAND PREPARATION FOR YAM
    42. DEPT OF PLANTING
    43. SPACING OF YAM
    44. PLANTING DEPT OF YAM
    45. STORAGE OF YAM
    46. STAKING OF YAM
    47. HARVESTING OF YAM
    48. COWPEA
    JUTE
    49. FORAGE CROP AND PASTURE
    50. FORAGE GRASSES
    51. SILAGE
    52. PASTURE
    53. TYPES OF PASTURE
    COMMON GRASSES AND LEGUMES
    54. GRASSES
    55. LEGUMES
    56. ESTABLISHMENT OF PASTURES
    57. 201. FORAGE PRESERVATION
    58. HAY SILAGE
    59. FORESTRY IMPORTANCE OF FORESTRY 206. FOREST MANAGEMENT FOREST REGULATION DEFORESTATION AFFORESTATION
    60. DISEASES AND PESTS OF CROPS
    61. MAIZE SMUT
    62. RICE BLAST
    63. MAIZE RUST
    64. LEAF SPOT OF GROUNDNUT
    65. COW-PEA MOSAIC
    66. COCOA BLACK POD DISEASE

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HOW WEST AFRICAN COUNTRIES CAN PROMOTE INDIGENOUS INDUSTRIES

  •  Greater reliance on domestic materials: West African countries should have a greater reliance in sourcing domestic raw materials for their industries.
  •  Research and application of res results: They should also embark intensive research works and the i should be applied for industrial growth.
  •  Availability of finance: Finance or capital should be made available indigenous industrial promoters.
  •  Development of skills: There be more development on entrepreneur and management skills for el industrial development
  •  Political stability: There she relative political stability to continuous growth of industries.
  •  Better work attitude: Lai workers should be put on a bet:; attitude aimed at achieving better results

  • Development and expansion of market: There should be proper development and expansion of market for locally made products.High level of productivity: There should be a high level of productivity that will lead to higher level of savings and greater capital formation.

  • Improved social and economic infrastructures! There should be improved social and economic infrastructures e. g. electricity, seaport, airport and telecommunications such that can boost industrial growth.
  • An enabling environment: A legal, social and cultural environment that not only enables but also motivates indigenous industries must be put in

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