Literature review of past and present performance of Nigerian manufacturing sector

Ku, H. S-L. and Mustapha, U. and Goh, S. (2010) Literature review of past and present performance of Nigerian manufacturing sector. In: IMechE 2010: Institution of Mechanical Engineers.

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Abstract

This paper attempts to examine the past and present performance of the Nigerian manufacturing sector. The major problems and limitations that impede the growth of the sector are analysed. In the 1960s and 1970s after the country’s independence, the Nigerian manufacturing sector had been developing positively as a result of direct foreign investment. Foreign companies had introduced new manufacturing technology that saved time and cost, and improved the quality of the products manufactured. Despite this initial flourishing growth phase though, the sector was not able to successfully meet local demand and cost the country much to pay for manufactured goods. From the end of 1980s to date, many problems were found that were responsible for low growth and development in the manufacturing sector. Some of these problems were dependency on oil for income, weak infrastructure, shortage of skilled labour, lack of adequate financial resources, lack of proper management and planning, and so on. The paper concludes that it is essential to work towards resolving all these problems in order to rejuvenate Nigerian manufacturing establishments so that the manufacturing sector can play an important role in the country’s economic development.


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Item Type: Conference or Workshop Item (Commonwealth Reporting Category E) (Paper)
Refereed: Yes
Item Status: Live Archive
Additional Information: Submitted version deposited in accordance with the copyright policy of the publisher.
Depositing User: Dr Harry Ku
Faculty / Department / School: Historic - Faculty of Engineering and Surveying - Department of Mechanical and Mechatronic Engineering
Date Deposited: 24 Jan 2011 07:14
Last Modified: 03 Jul 2013 00:12
Uncontrolled Keywords: Nigeria; manufacturing sector; oil-based economy; developing countries
Fields of Research (FOR2008): 15 Commerce, Management, Tourism and Services > 1502 Banking, Finance and Investment > 150205 Investment and Risk Management
14 Economics > 1402 Applied Economics > 140210 International Economics and International Finance
09 Engineering > 0910 Manufacturing Engineering > 091005 Manufacturing Management
Socio-Economic Objective (SEO2008): B Economic Development > 86 Manufacturing > 8699 Other Manufacturing > 869999 Manufacturing not elsewhere classified
Identification Number or DOI: doi: 10.1243/09544054JEM1818
URI: http://eprints.usq.edu.au/id/eprint/9443

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