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From Consumption to Production
The whys and ways out of failed industrialisation in Nigeria
Angličtina
68 b
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The architects of Nigeria's Development Plans believed in the power of the state to achieve socio-economic development through industrialisation. The nation invested heavily in highly-intensive and costly industrial plants such as iron and steel, petrochemicals, and aluminium plants; all of them failed. Planners were not well informed about planning industrial projects and therefore mismanaged them. The country today has nothing to show for billions of dollars invested. Presumptions, corruption and ignorance led to colossal mistakes while the country descended into a consumption nation. Nigeria, the book argues, should not be a consumption but a production nation.
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