International records / OpenAlex research

Value Addition: A Tool for Accelerated Industrialisation in Nigeria

The Nigerian economy since independence in 1960, shows all the trappings of underdevelopment. Frist dominated by the agricultural sector in the 1960s, became later tied-in to the oil and gas sector from the 1970s to date. Essentially, these primary sectors, especially the oil and gas sector since the 1990s, contributed over 95 percent to export earnings and 85 percent of government revenue. Hence, economic diversification is desired. To attain diversification of the economy through industrialisation high levels of value addition is critical. Over the years successive regimes have embarked on p…