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An Assessment Of The Impact Of Manufacturing Sector On Economic Growth In Nigeria (1981 – 2010)
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1.3 OBJECTIVES OF THE STUDY
The broad objective of this study is to appraise critically, the role of the manufacturing sector in Nigerian economy.
The specific objectives of the study include:
1. to investigate the impact of the manufacturing sector on the economic growth and development of Nigeria.
2. to assess the level of productivity in the Nigerian manufacturing sector.
3. to identify the major constraints confronting the Nigerian Manufacturing sector.
4.
to find out the various policy measures available to the government
that can be used to redress the persistent decline in the manufacturing
production.
1.4 RESEARCH QUESTIONS
The study would examine the following questions:
1. To what extent has the Nigerian manufacturing sector contributed to the economic growth and development of the country?
2. What has been the performance of the Nigerian manufacturing sector?
3. What are the constraints that are confronting the manufacturing sector?
4. What policy measures could be adopted to redress the persistent decline in the manufacturing production?
1.5 STATEMENT OF RESEARCH HYPOTHESIS
The hypothesis tested in the course of the analysis is stated below:
H0: that the manufacturing sector does not contribute significantly
to Nigerian economy.
H1: that the manufacturing sector contributes significantly to
Nigerian economy.
1.6 SIGNIFICANCE OF THE STUDY
This study on the impact of manufacturing sector on economic growth in Nigeria is significant in the following ways:
i. It will influence various economic units both in the public and private sectors of the Nigerian economy;
ii.
The research report will be a veritable source of information to
various categories of students as well as researchers wishing to conduct
further research in this area;
iii. It will be relevant topolicy
makers especially when making policy decisions on the choice of policy
that will suit the Nigerian manufacturing sector.
Finally, the study will be useful to institutions outside the ones mentioned above.
1.7 SCOPE OF THE STUDY
This
study evaluates the role of the Nigerian manufacturing sector in
relation to the growth of the economy. The major constraints that
confront the sector would be identified in the course of examining the
overall development in the sector since the adoption of SAP.
The
analysis of the contribution of the manufacturing sector to the economic
growth of Nigeria shall be restricted to the period from 1981 to 2010
using only relevant performance indicators such as index of
manufacturing, sector’s contribution to the Gross Domestic Product (GDP)
and other control variables.
Most of the information and data
needed for the study would be gathered from existing literature and from
relevant government agencies such as the Central Bank of Nigeria,
National Bureau of Statistics (NBS), Manufacturing
Association of
Nigeria (MAN) as well as international organizations such as United
Nations Industrial Development Organization (UNIDO).
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ABSRACT - [ Total Page(s): 1 ]This research work examines econometrically the impact of manufacturing sector on economic growth in Nigeria, from 1981 to 2010. It assesses the effect of manufacturing output (mangdp), investment (inv), government expenditure (govexp) and money supply (m2) on log of real gross domestic product (lrgdp). Appropriate multiple regression model is specified with parameters, which are estimated using the ordinary least square (OLS) technique. Test of hypothesis is carried out and the result shows a p ... Continue reading---
