IMPACT OF THE MANUFACTURING SECTOR ON ECONOMIC GROWTH IN NIGERIA (1981- 2020)

📄 Project Abstract

Manufacturing has long been seen as the primary driver of economic growth and development in advanced and more contemporary sectors, as it has never been recorded that any country in the world has achieved economic growth by engaging in agriculture without having a strong standing industrial sector to act as a back bone as both agriculture and industrialization are both integral parts of every economy that wants to achieve structural change and development. The significance of the manufacturing sector can never be over emphasised as it brings about economic transformation. The significance of the manufacturing sector in bringing about economic transformation cannot be overstated. In reality, the industrial sector creates an outlet for increased productivity through import substitution and export expansion, resulting in increased foreign exchange earning capacity, job creation and increased per capita income, all of which boosts unique consumption arrangements (Beckerman, 2007). It is w...