Diversification Towards Industrialization: A Pathway to Building a Resilient Nigerian Economy

Abstract

Successive governments have made various attempts at diversifying the Nigerian economy to foster economic resilience and  competitiveness, albeit with suboptimal outcomes. This paper, therefore, presents diversification toward industrialization as the  sustainable pathway towards building a resilient and competitive Nigerian economy. The finding revealed that the Nigerian industrial sector’s contribution to aggregate output, employment and exports is at a low ebb, suggesting the need to revamp the sector for  improved performance. Lessons are drawn from international experience in this regard and policies to achieve this goal are outlined in  this paper.