Industrialization in Nigeria: In-country Capital Goods Manufacturing

Abubakar Sani Sambo, Mamuda Muhammad and Ismail Abubakar Jumare
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Abubakar Sani Sambo: Faculty of Engineering and Environmental Design, Usmanu Danfodiyo University Sokoto, Nigeria (P.M.B 2346)
Mamuda Muhammad: Faculty of Engineering and Environmental Design, Usmanu Danfodiyo University Sokoto, Nigeria (P.M.B 2346)
Ismail Abubakar Jumare: Faculty of Engineering and Environmental Design, Usmanu Danfodiyo University Sokoto, Nigeria (P.M.B 2346)

International Journal of Research and Innovation in Applied Science, 2024, vol. 9, issue 9, 38-44

Abstract: Industrialization is fundamental towards advancement in economic growth and development of a country. Capital goods are key to industrial operations and expansions leading to economic transformation. This paper offers a concise submission on industrialization with focus on capital goods, looking at the case of Nigeria. Overview of capital goods as well as good practices and success stories around the world have been showcased. Follow-up measures towards industrialization in Nigeria in line with capital goods focus has been successfully offered. This comprises of some exemplary capital goods to target, policy measures, social security inputs, and lastly energy access and diversifications with security in view of sustainability in productions. With such measures in place, industrialization is achievable in Nigeria with enormous success stories.

Date: 2024
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