Abstract

Industrialization is the key for country’s economic development and growth. In African, most of their government refused to fully sponsor or fund MSE’s and industrialization ideologies. Their infrastructural development and economic policies are of very minimal for strong industrial development. Nigeria faces such situation and the government has refused and neglects the industrialization sectors, yet they want to be a developed country. The solution to industrialization is for the Nigerian government is to reform their economic policies, industrial policies, Develop infrastructures, promote MSEs, research and development (R and D). There is also a very significant need for the Nongovernment organizations to aid the Nation to industrialize and promote the manufacturing systems.

Highlights

  • Industry originates from French as industries or Latin as industria which means ‘diligence’

  • The solution to industrialization is for the Nigerian government is to reform their economic policies, industrial policies, Develop infrastructures, promote MSEs, research and development (R and D)

  • It says that industry is any general business activity or commercial enterprise that can be isolated from others, such as the tourist industry or the entertainment industry

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Summary

Introduction

Industry originates from French as industries or Latin as industria which means ‘diligence’. Industry as defined by some scholars and authors were as follows: dictionary.cambridge.org (2021), express industry as the companies and activities involved in the process of producing goods for sale, especially in a factory or special area (dictionary.cambridge.org, 2021). Having observed several scholars definition of industry and their views, it is clear that industry is where there is production of goods or services within the area, region, country or an economy. Manufacturing industry became a key sector of production and labor during the Industrial Revolution, upsetting previous mercantile and feudal economies. This came through many successive rapid advances in technology.

Industrial Revolution
Industry Life Cycle
Energy Generation or Power Generation
Government Economic Policies
Conclusion

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