Examine the role of industrialization in the economic development of Nigeria. – NABTEB QUESTION

The role of industrialization in economic development of Nigeria include:

i. Provision of employment opportunities for Nigeria

ii. Diversification of the Nigeria economy which reduces over dependences on agriculture

iii. Improvement in the balance of payment of Nigerians

iv. Increased government revenue through taxation

v. An enlarged market for agricultural products

vi. Increased foreign exchange earnings

vii. Increase in the standard of living of Nigeria

viii. Improve the technical skills of workers

ix. Increased output.