Towards a More Competitive Manufacturing Sector

Adeel Malik and Francis Teal

Chapter 11 in Economic Policy Options for a Prosperous Nigeria, 2008, pp 247-274 from Palgrave Macmillan

Abstract: Abstract If oil lies at the core of Nigeria’s economic and political problems, a vibrant manufacturing sector is part of the solution. In analysing Nigeria’s economic challenges, the buck often stops at the manufacturing sector, since its role remains central to any attempt at reducing oil dependence and promoting economic diversification. Previous chapters have posed a broad range of questions: How to avoid the adverse effects of oil dependence on institutions? How to cope with the extreme volatility induced by fluctuations in the terms of trade? How to create a competitive tradable sector? How to generate pro-poor growth? It is these questions that inform the focus on the manufacturing sector and underscore the need for reform. Reviving manufacturing activity in Nigeria is the sine qua non of any serious policy effort for economic reform.

Keywords: Capital Stock; Export Market; Bank Loan; Capacity Utilization; Unskilled Worker (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-58319-1_12

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DOI: 10.1057/9780230583191_12

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