(a) State two advantages of industrialization in Nigeria. (b) Explain four problems that retard industrialization in Nigeria. (c) In four ways, describe how...

Answer Details

(a) Two advantages of industrialisation in Nigeria

• It creates employment, reducing unemployment and raising incomes.
• It promotes import substitution and earns foreign exchange, so the country depends less on imported goods.
• It adds value to local raw materials and provides government revenue through taxes.

(b) Four problems that retard industrialisation in Nigeria

• Inadequate and unreliable power supply, forcing firms to run costly generators.
• Shortage of capital for investment and high interest rates on loans.
• Shortage of skilled labour and technical manpower.
• Poor transport and infrastructure, raising production costs.
• Competition from cheaper imported goods and dumping.
• Over-dependence on imported machinery and raw materials.
• Political instability and unfavourable government policies.

(c) Four ways the problems could be solved

• Improve and stabilise power supply by investing in and diversifying electricity generation.
• Provide capital through cheap loans, incentives and encouragement of local and foreign investment.
• Train skilled manpower through technical and vocational education.
• Develop transport and infrastructure (roads, rail, ports).
• Protect local industries from unfair imports through tariffs and patronage of made-in-Nigeria goods.
• Develop local raw materials to reduce dependence on imports, and maintain political stability with consistent policies.