Role Of Industrialization In Economic Development Of Nigeria

1.1 BACKGROUND OF THE STUDYIn the 60’s the Nigerian economy depended entirely on agriculture as the main source of foreign exchange earnings, and of employment for the teeming population. Also in that early 60’s Nigeria economy was mainly depended on agriculture hence the period of groundnut pyramids, the hides and in North, palm oil and palm kernel in East, and cocoa in the west for the major economic drive of the nation.The advent of oil boom in the 70’s brought about the almost a monopolistic economy in our national economic drive hence we do not hear about groundnut pyramids, hides and ski…