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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:The future of the manufacturing sector
Author:Kayode, M.O.
Year:1989
Periodical:Vierteljahres-Berichte: Probleme der internationalen Zusammenarbeit
Issue:116
Pages:155-163
Language:English
Geographic term:Nigeria
Subjects:economic policy
industrial policy
Abstract:Nigeria's industrial output has grown from about N1.5 billion in 1975-1976 to about N2.3 billion in 1986. The growth of the manufacturing sector has been faster than that of GDP during this period. Despite this performance, however, the relative contribution of the sector remained rather small, accounting for less than 10 percent of GDP. This article first reviews Nigeria's industrial policy in the 1960s and 1970s, and then focuses on the impact on the industrial sector of the Structural Adjustment Programme (SAP), launched in 1986. Special attention is paid to the effects of the SAP on foreign exchange, the dependence of the industrial sector on foreign inputs, the degree of capacity utilization, and production costs and prices. Some of the problems involved in the implementation of the SAP are discussed and it is argued that the issue is not so much whether or not to adopt a liberalization policy; rather it is to decide on what form such a policy should take and in what areas of manufacturing it should be adopted. App., bibliogr., sum. in English (p. 120), French (p. 124), and German (p. 116).
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