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Bullion

Keywords

Public policy, Industrialisation, Nigerian economy

Abstract

This paper is concerned with evaluation of government policies on industrial development in Nigeria with specific reference to the effects of public policy on Nigeria's industrialization. Following an introduction is section two which examines conceptual and theoretical issues. Section three is the review of public policy in Nigeria. Section four focuses on policy evaluation and comparative analysis of experience of other countries. Section five provides the concluding remarks and recommendations. The paper observes that government has a role to play in the industrialisation process by providing infrastructures; help overcome market failures; assist develop money and capital markets; make economic information, available and formulate sound public policies. Public support for industries should be in form of basic research and establishment of demonstration factories, as well as promote scientific and technological research. Similarly, it should encourage technological acquisition and the learning of technology for the industrial sector to be efficient.

Author Bio

The author is a staff of Central Bank of Nigeria.

Publication Title

CBN Bullion

Issue

2

Volume

29

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