The consumer-goods industry is predominant in the industrial sector of the Nigerian economy because of the?
Answer Details
The consumer-goods industry is dominant in the industrial sector of the Nigerian economy because of the availability of the market and most of the raw materials required. Nigeria has a large population with a growing middle class, which provides a significant market for consumer goods. Additionally, many of the raw materials required for the production of consumer goods are available in the country, such as agricultural products, which makes it easier and more cost-effective to produce consumer goods locally. Therefore, the availability of the market and raw materials is a major factor that has contributed to the dominance of the consumer-goods industry in the Nigerian economy.