The current industrial development strategy in Nigeria is aimed at encouraging
Answer Details
The current industrial development strategy in Nigeria is aimed at encouraging the growth of small and medium-scale industries (SMIs). This is because SMIs are believed to be crucial to the development of the economy, as they create jobs, promote innovation, and contribute to the overall growth of the country. The government has implemented several policies and initiatives to support the development of SMIs, such as providing access to credit, improving infrastructure, and offering incentives to entrepreneurs. The goal is to encourage the growth of SMIs and provide opportunities for entrepreneurship and innovation, as well as to diversify the country's economy away from dependence on oil exports.