It is a fact that there are some factors that are responsible for the poor performance of the manufacturing industry in Nigeria. The manufacturing industry play a vital role in the Nigerian economy and also in the lines of the people.
The manufacturing industry is like an organization that is motivated by a number of tractors to utilize input like raw-materials, land and man-power in the production of physical or tangible products for their consumer satisfaction. The primary objective of carryout this study, is to critically examine the factors responsible for the poor performance of manufacturing industry in Nigeria. The various functions, achievements, etc. contributes to individuals as well as the sectors of the economy.
This study would examine the evolution of manufacturing industries from inception to date, to lay more emphasis on the importance and gains of the manufacturing industries in the rural area and take a look at the problems and suggestions to solve these problems.
This project is also needed, in order to see how the manufacturing industry can be of assistance t the rural sectors and to the country of large.
It is likewise needed to serve as a prerequisite for the establishment of more manufacture industries. This study can be used to study the extent of program of the federal government and the manufacturing industries have made in their efforts to see equal distribution of manufacture industries in Nigeria.
Since the attainment of independence by west Africa countries, successive governments have taken serious interest in industrialization. Industrialization can be defined on the conversion of an agrarian and commercial society to a more comprehensive machinery oriented. Social – economic system. This concept cannot be treated, without remembering the industrial revolution of the Western Europe of the 15th and 16th century. The new Encyclopedia 4th edition (1975) described the industrial revolution as a term usually applied to the socio-economic changes that marked transition from a stable agricultural and commercial society to a name machinery oriented system.
Agriculture which has been the major occupation of more than 80% working population of Nigeria, began to suffer a diminishing role, claiming a lots of population in manpower. Another related lesion form the history of planned industrialization of the socialist countries especially soviet Union whose economy was transformed from a very short period predominating of agricultures, change rapidly to an industrialized society.
A further element in the appeal for industrialization is based on the fact that the economic quart for increase in a wide scope of industrialization both import-substitution and export substitution. The unequal distribution of gains from trade between developed and developing countries is a related justification for the policy of industrialization.
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