Reforms to Abort Problems of Industrialization in Nigeria

Industrialization is a major factor in the development and economic growth of any nation. Nigeria as a case study, a plethora of policies, strategies and programs have been developed towards the advancement of industrialization process since its independence in 1960. One of the key considerations for these industrial policies in Nigeria is gained from the acquittal that the growth of industries would render the approach for employment of labour, thereby reducing poverty to the lowest level. These policies have proved abortive due to incessant power outages, multiple government taxations, lack of finance/capital and insecurity including infinite of challenges. This study, therefore, aims to highlight the challenges of industrialization in Nigeria, and ways of aborting it through creation of a business-enabling environment. It recommends that government should speculate and adopt policies that would encourage entrepreneurship, self-reliance local manufacturing and trade performance among citizens as well as industrial advancement to further economic growth. Industrialization facilitates economic growth through the innovative activities of entrepreneurs, finances should be available to same and medium scale enterprises (SMEs) Research and Development entrepreneurs should be dilated to enable them to continue their role in investment, employment growth and innovation. There is also a very epochal need for the non-government organizations to aid the Nation to industrialize and promote the manufacturing systems.