What are the likely reasons for government participation in the location of industries in Nigeria?...
ECONOMICS
WAEC 1993
What are the likely reasons for government participation in the location of industries in Nigeria?
Explanation
Likely reasons for government participation in the location of industries in Nigeria are as follows:
(i) To raise the people's standard of living
(ii) to ensure that standard goods are produced locally
(iii) to make sure that industries are scattered all over the country for even development
(iv) political consideration
(v) to provide employment opportunities
(vi) to bridge rural-urban political imbalance
(vii) Another reason for government participation is income distribution in a country.
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