Localization of industries in Nigeria is mainly influenced by
Answer Details
The localization of industries in Nigeria is mainly influenced by several factors, including market size, raw materials, population groupings, and external economies.
Market size refers to the number of potential customers or demand for a product in a particular area. Industries tend to locate in areas where there is a large market for their products, which helps them to maximize their profits.
Raw materials are also an essential factor in industrial localization. Industries that require specific raw materials will be located near those materials to minimize transportation costs and improve efficiency.
Population groupings refer to the distribution of people in a particular area, such as urban or rural areas. Industries tend to locate in areas where there is a large concentration of people to ensure a ready supply of labor.
External economies refer to the benefits that industries receive from being located near other industries, such as shared infrastructure, access to suppliers, and shared labor markets. Industries may cluster in certain areas to take advantage of these external economies.
In summary, industries in Nigeria locate in areas where there is a large market for their products, access to raw materials, a concentration of people for labor supply, and access to external economies.