Outline the role of industrialization in the economic development of Nigeria.

Explanation

The role of industrialization in the economic development of Nigeria are:

(i) Diversification of the economy: Making more goods and service available.

(ii) Technological development: It is a sure way for a country to develop technologically.

(iii) Self - sufficiency: Industries will produce goods previously imported.

(iv) Raising of standard of living: Industrialization improves living standards.

(v) Training and development of skilled manpower provides opportunities for the training and upgrading of skills.

(vi) Increased modern sector employment: Providing large number of jobs for the unemployed.

(vii) Rapid expansions in infrastructures like road, power etc.

(viii) Boost to agriculture: Industries will utilize agricultural products as their raw materials.