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ECONOMIC DIVERSIFICATION AND INDUSTRIAL GROWTH IN NIGERIA

Labour, Employment and Work in New Zealand

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Title ECONOMIC DIVERSIFICATION AND INDUSTRIAL GROWTH IN NIGERIA
 
Creator Michael A., Dr. Ikon
 
Description Nigeria’s inability to diversify its economy and relying on a monoproduct-crude oil for economic sustenance over past four decades has impeded Nigeria’s resilience over shocks occasioned by disruptive changes in international oil prices. The main objective of the study was to assess the extent of relationship existing between economic diversification and industrial growth in Nigeria. The study used time series data covering a period of 18years (2000-2017) extracted from Central Bank of Nigeria statistical bulletin and adopted ordinary least square (OLS) multiple regression model for data analysis. Findings of the study revealed that there is a statistical significant relationship between economic diversification and industrial growth in Nigeria. This implies that economic diversification could accelerate industrial growth in Nigeria. The study recommends to Nigerian policy makers to treat economic diversification as a priority in national economic plan in order to accelerate industrial growth and sustainability of Nigeria’s economy.
 
Publisher Scitech Research Organisation
 
Date 2019-05-06
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://scitecresearch.com/journals/index.php/jrbem/article/view/1718
 
Source Journal of Research in Business, Economics and Management; Vol 13 No 1: JRBEM; 2408-2415
2395-2210
 
Language eng
 
Relation http://scitecresearch.com/journals/index.php/jrbem/article/view/1718/1230
 
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