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Industrial Realities in Nigeria: From Bad to Worse

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  • Manuel Albaladejo

Abstract

This paper assesses the industrial performance and capabilities of Nigeria over the last decade. It explores Nigeria's export and production capacity, growth, structure and technological upgrading and compares it to other Sub-Saharan countries. Evidence shows that Nigerian industry is inexorably falling behind and becoming increasingly marginalized in the international and regional industrial scene. Total manufacturing value added and manufactured exports have significantly declined and there has been a technological downgrading of Nigeria's traditional manufacturing sectors. Moreover, increased dependency on oil extraction puts a serious threat to Nigeria's industrial competitive future. Severe flaws in the education system, technological stagnation of domestic companies, lack of foreign investment in manufacturing, negligible technology transfer and weak ICT infrastructure constitute significant factors for failure. Further analysis should however include other factors not explored in this exercise, including macro-economic and fiscal policies, governance and the regulatory and business environment.

Suggested Citation

  • Manuel Albaladejo, "undated". "Industrial Realities in Nigeria: From Bad to Worse," QEH Working Papers qehwps101, Queen Elizabeth House, University of Oxford.
    • Handle: RePEc:qeh:qehwps:qehwps101
    as

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    File URL: http://workingpapers.qeh.ox.ac.uk/RePEc/qeh/qehwps/qehwps101.pdf
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    References listed on IDEAS

    as
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    3. Belderbos, Rene & Capannelli, Giovanni & Fukao, Kyoji, 2001. "Backward Vertical Linkages of Foreign Manufacturing Affiliates: Evidence from Japanese Multinationals," World Development, Elsevier, vol. 29(1), pages 189-208, January.
    4. Sanjaya Lall, 2001. "Competitiveness, Technology and Skills," Books, Edward Elgar Publishing, number 2298, December.
    5. AfDB AfDB, . "African Development Report 2002," African Development Report, African Development Bank, number 2235, March.
    6. AfDB AfDB, . "African Development Report 2002," African Development Report, African Development Bank, number 2313, March.
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    Cited by:

    1. Abel Ezeoha, 2007. "Industrial Development Banking in Nigeria: A Forty Year Failed Experiment," Journal of Economic Policy Reform, Taylor and Francis Journals, vol. 10(3), pages 193-208.
    2. Abel E. Ezeoha, 2007. "Industrial Development Banking in Nigeria: A Forty Year Failed Experiment," Journal of Economic Policy Reform, Taylor and Francis Journals, vol. 10(3), pages 193-208.
    3. Olamade, O. O. & Oyebisi, T. O. & Egbetokun, A. A. & Adebowale, B. O., 2009. "Environmental scanning strategy of manufacturing companies in Southwestern Nigeria," MPRA Paper 35799, University Library of Munich, Germany, revised 2010.

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