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Nigerian Economy

If Nigerian economy were industrialized it may be possible to increase agricultural production and export, cut down on current imports and keep the country in a more democratic state.

Since Nigeria is not an industrialized country it must import such things as machinery, chemicals, transportation eqiuipment, manufactured goods, food and live animals (EmulateMe, 1). With these items being imported there is a higher price. These higher prices cause people to be unable to afford food or other things they may need to survive. Along with cheaper prices on goods factories processing these goods would offer many jobs to Nigerian citizens giving them a steady income and the ability to purchase or commodity items that puts money back into their economy, thus making it a stronger economic country.

The manufacturing of goods could also be used for export. Cars, farm equ


A better-developed economy with an industrial side will also take some of the burden from the petroleum-based economy of today. As it is said by John Bacher

In conclusion a better-developed economy will help Nigeria greatly. With the ability to manufacture their own goods it will cost less for farm equipment and transportation and cut down on imports. This equipment will also increase agricultural production, increase exports and decrease imports. Finally it will limit dependency upon petroleum and increase the probability of keeping a democratic status.

Some topics in this essay:
Economy Nigerian, Nigeria Johnson, Country Bacher, Bacher Oil-Rich, farm equipment, better-developed economy, increase agricultural production, increase agricultural, pay debts, civil war, dependency petroleum, agricultural production, nigerian economy,

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Approximate Word count = 598
Approximate Pages = 2 (250 words per page double spaced)


  

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