Department of Sociology, College of Business and Social Sciences, Covenant University 2014
Abstract
Nigeria offered the continent and blacks everywhere a future that was promissory, resplendent and anchored on a vision of rapid development when it achieved its independence in 1960. Adopting an eclectic collection of industrial development strategies or policy thrusts over the years, the country has nevertheless failed to measure up to equals such as Israel, South Korea, Japan, the People’s Republic of China, Indonesia, India, Botswana, Singapore and others, countries that were at the same development threshold with it in 1960. Nevertheless, industrialisation has remained the sine qua non for economic growth, long-term poverty reduction, job creation and the transformation of a traditional and agrarian society to a modern and industrial society. In this chapter, authors have perused industrial development in Nigeria from the belvedere of some fundamentals that can underprop the process. Making these brass tacks available will be and should be the focus of serious-minded, responsive and responsible governments. The present Goodluck Jonathan Administration will show more seriousness about its transformation agenda and the National Industrial Revolution Plan it just choreographed by achieving these essential ingredients that can facilitate and act as a linchpin for industrial development in Nigeria
