The Impact of Industrial Output on the Economy of Nigeria 19872017

The Impact of Industrial Output on the Economy of Nigeria (1987-2017)

Project / Seminar Material
Reference ID: PS-7977-TM

DEDICATION

This research material titled “The Impact of Industrial Output on the Economy of Nigeria (1987-2017)” is dedicated to God for his enabling grace, and to all computer enthusiasts who contributed to make life a pleasant experience during my research documentation.

ACKNOWLEDGEMENT

I extend my sincere gratitude to all those who contributed to the completion of this project. Special thanks to my Supervisor (Name of your Supervisor), the Head of Department (Name of your HOD), the Lecturers in the department of Economics, Book Authors and Profound Scholars of existing or related project material on “The Impact of Industrial Output on the Economy of Nigeria (1987-2017)” for their invaluable guidance, support, and expertise throughout the journey.

I am also grateful to your study area (mention any funding organizations, if applicable) for their financial assistance. This research would not have been possible without the encouragement and assistance of some stakeholders (mention any mentors, teachers, or colleagues). Additionally, I would like to acknowledge the understanding and patience of my family and friends during this endeavor. Your unwavering support has been a constant source of motivation. Thank you all for being part of this meaningful endeavor.

ABSTRACT

This research work is on the “Impact of Industrial Output on the Economy of Nigeria” between the period of thirty years (30) covered from 1980-2010. Impact of industrial output on the economy of Nigeria is a continuous discussion to every economy especially developing economy which will give rise to economic growth and development of a nation. Secondary data was used on PC Give 8.00 version package to regress the model with GDP as the dependent variable and industrial output savings net foreign capital flow and inflation as independent variables.

The model explained that the influence of industrial output on economic growth is not statistically significant though the sign obtained from its à priori expectation is positively related to GDP but does not hold strong enough. Savings has a positive relationship and also a significant impact on the economy. Inflation has a negative relationship while net foreign capital flow is positively significant on the impact of economic growth. R-squared shows a 76% increase on the GDP.

Based on the findings it is therefore recommended that some policies is to be made in ways to improve the establishment of industries especially the manufacturing industries to encourage industrialisation of the Nigerian economy so as to contribute to the strengthening of economic growth in the nation’s economy. Tax incentives through subsidies and government expenditure relate to increase in output and positive impact on economic growth. Increase in savings will make money available for the economy through high interest rate and income adjustments from the monetary policy.


The Impact of Industrial Output on the Economy of Nigeria (1987-2017)

CHAPTER ONE

1.1 Introduction

… As a prelude to other parts of this study, this chapter will discuss the background upon which this study was initiated, the statement of problems that led to this study, the Aim and Objectives of the study. Others are Significance of the study, Scope of work, Research hypothesis and questions, Limitation of the study and Definition of technical terms.

CHAPTER TWO

2.0 Literature Review

2.1 Introduction

This chapter focuses on the review of related literature. A literature review includes the current knowledge as well as theoretical and methodological contributions to a particular topic. It documents the state of the art with respect to the topic you are writing. It surveys the literature in the topic selected. In this research work the literature review includes the …

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