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Explain six problems of industrialisation in your country.

Problems affecting industrialization in Nigeria

1. Skilled labour

One of the problems confronting industrialization in Nigeria is the absence of enough skilled labour to appropriately man the industry. There are few well trained artisans, engineers and the like to operate the sophisticated industrial machines.

2. Widespread poverty

One would have thought that the acquisition of the necessary skills would have solved the problem of the absence of skilled labour. However, it is more than that. The level of poverty in Nigeria is such that even where people want to acquire the necessary skills, they are unable to because they cannot afford the cost of training.

3. Demand for industrial goods in Nigeria

Following from the previous point is the fact that in Nigeria, majority of the people are poor and therefore mostly unable to afford the manufactured goods. Most factories therefore are producing below their installed capacity. The industries cannot make the needed profits to be ploughed back into the business.

4. Supply of raw materials

Another basic problem facing industrialization in Nigeria is the low supply of raw materials to feed the industries. In some cases, the industrial plants are there but because there are not enough raw materials to feed them, the machines just stay idle at the mercy of the weather till they get damaged or operate far below their installed capacity.

5. Infrastructural facilities

There is also the problem of lack of enough infrastructural facilities such us good roads, railways, constant supply of water and electricity etc. The industrial factories need electricity to run 24 hours a day. They need a constant supply of water, especially, those of them which depend on it. The factories need a good road network to be able to transport their raw materials and finished goods efficiently. However, the availability of these is inadequate Nigeria.

6. Capital to invest

Another problem is the absence of capital to make the initial investment and to re-inject into the business in order to expand. The banks may be willing to help but their interest rates are over the roof so entrepreneurs are not attracted to that option. Even where they are, some are not able to provide the collateral needed by the banks. As a result, Nigerian entrepreneurs are not able to access the facility or the loan.

7. Political Instability

The unstable political system and corruption being practised in the country discourage foreign investors in investing in the country.

8. Over Reliance On Foreign Technology

The local industries rely on foreign experts and technology for their production process. A situation whereby there is breakdown, foreign experts and spare parts must be available for the continuity of production.

9. Over Dependence On Foreign Aids

The government depends so much on foreign aids before it can embark on any capital project. This has given room to the syphoning of foreign exchange earnings out of the country.
Lack of Dedication: Our leaders lack dedication to duty. They are corrupt and mismanage the fund creation of infrastructural facilities for personal use.

Oluwamuyide Peter

My name is seyi, the main aim of creating this platform is to help users get information like school updates, electrical engineering topics and many more for free

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