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Discuss any five obstacles to industrialization in Nigeria?
the common problems people from Nigeria and across the world believe are contributing factors that are preventing the country from becoming an industrialized power: Widespread poverty and unemployment means people cannot afford to go to school [ to become skilled workers Massive inflation levels make it difficult, if not impossible, for manufacturers to make effective profit margins Lack of education across the whole country, including lack of those trained in technical and non-technical fields. Poor political planning and evaluation have led to some people saying there is a
lot of corruption at a senior level Poor infrastructure including roads and rail links prevent businesses from growing and reaching wider markets Lack of funding in education and development to train up new employees Lack of support for local businesses from the government Collapse of the global oil markets in 1980 stalled economic growth in Nigeria Not a lot of support for manufacturing industry due to unfair tax system Current industry involves dealing with foreign markets with not enough coming from within country Problems with security make it difficult for some foreign businesses to invest in Nigerian companies ]
s
Expert answered|selymi|Points 8092|
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Asked 4/24/2012 11:52:42 AM
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