LIST OF REASONS

Industrialization has long been recognized as a transformative force for economic growth and social well-being, and its importance becomes even more apparent when examining the global disparities that exist today. In an increasingly interconnected world, only a select group of economies have achieved the status of industrialized nations, yet these countries are responsible for generating more than half of the world’s manufactured goods. This stark imbalance underscores the potential benefits that could be unlocked if countries like Nigeria were to expand their industrial and manufacturing sectors. As the global economy continues to grapple with the challenges posed by the COVID-19 pandemic, the case for accelerating industrialization in Nigeria has never been stronger, as it promises not only to boost economic resilience but also to elevate the quality of life for millions of its citizens. The global landscape reveals that industrialized economies, though representing less than 20 pe...