Outline the role of industrialization in the economic development of Nigeria.
Explanation
The role of industrialization in the economic development of Nigeria are:
(i) Diversification of the economy: Making more goods and service available.
(ii) Technological development: It is a sure way for a country to develop technologically.
(iii) Self - sufficiency: Industries will produce goods previously imported.
(iv) Raising of standard of living: Industrialization improves living standards.
(v) Training and development of skilled manpower provides opportunities for the training and upgrading of skills.
(vi) Increased modern sector employment: Providing large number of jobs for the unemployed.
(vii) Rapid expansions in infrastructures like road, power etc.
(viii) Boost to agriculture: Industries will utilize agricultural products as their raw materials.