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The Growth Of Nigeria’s Industrial Development

The Growth Of Nigeria’s Industrial Development

From This Dayline

It may be easy to wave off President Goodluck Jonathan at the first glance, possibly due to his unimposing countenance. But a look at the performance of his administration in the area of industrial growth and development makes picking any other previous Nigerian President ahead of him a near impossible task, that is if sincerity is to be the guiding principle Crusoe Osagie reports

Nigeria’s industrial growth and development has been phenomenal in the past six years.
The rebasing of the nation’s economy this year which placed its value at $510 billion, making the country the colossus of the African continent, leading South Africa, now in distant second position with $ 370 billion is not mere statistical gimmick.
The feat is the classic consequence of a country which got it right in various segments of its economy, particularly in the industrial sector.
For a long time, Nigeria actually did not have a functional industrial policy or any clearly defined action plan. The Goodluck Jonathan administration made this a clear objective but did not bring the industrial sector to a halt while the new plan was being contrived.

 

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