Theory question 106
IndustrialisationSection B
Outline the ways in which the federal government has encouraged industrialization in Nigeria in recent years.
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Ways:
1. Provision of infrastructure: roads, power, water, telecommunication.
2. Industrial estates and export processing zones.
3. Tax incentives: pioneer status, tax holidays, capital allowances.
4. Tariff protection and import bans for infant industries.
5. Development banks and credit schemes (NIDB, NBCI, SME schemes).
6. Indigenisation and local raw material sourcing policies.
7. Direct investment in heavy industries (iron and steel, petrochemicals).
8. Manpower training and research institutes.
9. Encouraging foreign investment, joint ventures and Structural Adjustment reforms.
10. Export promotion schemes.
Outline – brief points, each explained in a line.