Nigeria Industrialization
Yes please.
Firstly, a quick history would help. China was famously able to shrink the long industrialization process to a mere 25 years, attaining a 12 percent catch up rate in respect to The U.S. by 2005 because coping is much easier than ingenuity.
You're a genius, so this would easy to understand. Remember the feeling you had when you spend the whole weekend doing assignment and your friend just use minutes to deadline to copy, that what China did. However, late industrialization could be either dynamics or impossible.
Dynamic in the sense that your coping friend wouldn't make the same mistakes you made in your assignment and could score higher marks if they have other sources to spice up your work. And impossible when they would not submit at all if you decide to come after deadline (to teach them a lesson). With China just one of the many late comers- making them the first late comer, question on what the future of other, where Nigeria fall in comes up. The answers are Policies.
Nigeria has other SSA, made a mistake not to be the dynamic late comer China, and since Industrialization is the path not mere services (logistics, trade, accounting), she has to do what could be "impossible in the context established ". Map out laws that keep her afloat even tough policies are not engines but aid in engineering a societal reform.
It’s worthy to note that our shot to industrialization has been largely unsuccessful because the old policies were “winners pickers” which explains why when opened to the world they could not survive. Policies should force firms to be global relevant.
So, this time we need;
- Infrastructural Policies that attract and enable foreigners.
- Educational policies that brighten the minds of its population making them come up with novel ideas that shape the face of commerce
- Regional Integration policies.
Good Afternoon and happy Sunday sir.
