Industrial development in Nigeria can be encouraged through?

A. signing WTO treaty
B. granting subsidies
C. the provision of efficient infrastructure
D. direct government participation

Correct Answer:

Option B – granting subsidies

Explanation

Subsidies, on the other hand, refer to direct contributions, tax breaks and other special assistance that governments provide businesses to offset operating costs over a lengthy time period. By granting subsidies, industrial development is attainable.