INDUSTRIALIZATION IN NIGERIA

INDUSTRIALIZATION IN NIGERIA

Why industrialization fails in Nigeria?

Industrialization fails in Nigeria due to the following reasons:

1.     Role of Slave trade

2.     We developed taste for Europeans goods in terms of consumption instead of our own goods

3.     Economic activities were disrupted due to slave trade; Nigerians were afraid to come out to their farms because they were afraid to be captured and sell to slavery.

4.     The period of colonialism – this was when the white people govern Nigeria and the major reasons were their economic gains, they pack all our natural resources and develop their own industries.

            Nigeria is strategically located than Japan. It is blessed with population of 145million people. There are lots of natural resources, and human resources; the location of Nigeria is good for enhancing a better market; aside all these things, Nigeria is still not industrialized till date. There were exchanges of goods and services but more goods were imported than exported and that foreign goods were seen as superior and we developed taste for foreign goods. Our local industries were rendered useless, due to the importation of goods, mortgage industries were also useless.

            The role of slave trade through war is also a factor that did not enhance industrialization in Nigeria because most of the people captured as slaves were owners of Cottage/Local industries that were in existence.

            Economic activities were also distorted; the major reason for British colonization of Nigeria was economy. The British refuse to produce manufacturing industries because they knew that Nigeria will not buy goods from them so, they made it impossible for Nigeria to be industrialized.

At specific point of time, they involve the development plan to which industrialization was planned but because the economy of Nigeria was tied down to that of Britain and also due to corruption, it was impossible for Nigeria to be industrialized.

            In terms of Nigeria, geography supposes to play an important role but did not

AFTER INDEPENDENCE

            The British colonist handed the country to people they think they can control them so as Nigeria will produce for the benefits of the British industries.

            Industrialization is a situation where mechanical power is used instead of man power and Nigeria still is using the man power even in the industries not to talk of in the areas of agriculture (in the farm).

            Industrial process in Nigeria started in BC (?) even before the contact with the western world.