Economic and Financial Review


Central Bank of Nigeria


Half Year Report, Core Projects, Industrial Projects, Industrial Core Projects


The Industrial Core Projects are the basic capital intensity industries deliberately established by the Federal Government to provide material inputs for downstream industries. They include steel plants, refineries and petrochemical plants, paper mills, fertilizer, marble, sugar and cement companies. During the first half of 1992, the performance of most of the Industrial Core Projects was generally unsatisfactory with the exception of petroleum-based plants. Most of them operated low capacities due largely to inadequate funding. Other constraining factors were high cost of production due in part to poor infrastructural facilities and in part to a depreciated currency and stiff competition from imports as well as frequent breakdown of plant and machinery arising from poor maintenance.

Author Bio

The author(s), E.I.K. Sule is Deputy Director of Research, Economic Policy Unit (Planning & Development Policy), while C.M. Anyanwu is a Principal Economist in the Real Sector Division of the Research Department.

Publication Title

CBN Economic and Financial Review





Recommended Citation

Sule, E. I. K. and Anyanwu, C. M. (1992). 1992 First Half Year Report on Industrial Core Projects. CBN Economic and Financial Review. 30(3), 157-176.



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