A Comparative Analysis of Innovative Automobile Policy on Employment in Nigeria and China

Ademuyiwa A. Lawal
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Ademuyiwa A. Lawal: School of Economics, Jilin University, Changchun, China

International Journal of Research and Innovation in Social Science, 2021, vol. 05, issue 09, 679-686

Abstract: Understanding the impact of innovative automobile policies in job creation is becoming increasingly crucial in today’s world, since innovation can address a wide range of social and human issues, including food insecurity, hunger, poverty, and underdevelopment. This study investigates how corruption, a lack of research and development funding, and other factors contributed to Nigeria’s failure to implement car policies that would have transformed the country into an export-oriented and industrial powerhouse, not only in Africa but throughout the world. The paper is heavily reliant on secondary data sources. Most automobile policies in Nigeria are short-lived and inconsistent, compared to consistent long-term automobile policies in China, according to the findings. Apart from the National Automobile Development Plan of 2014, which has lasted to date with the hope of meeting 2025, its targeted expiration year, most automobile policies in Nigeria are short-lived and inconsistent. The study concludes that innovation is an effective policy instrument for ensuring employment generation. The report suggests, among other things, that automobile policies should be in place for at least 5 years, regardless of government changes. More funds should be allocated to research and development. Also, Policymakers must ensure that they are supporting innovation in other areas such as business models, services, and supply chains.

Date: 2021
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