INDUSTRIAL POLICY AND MANUFACTURING SUBSECTOR PERFORMANCE IN NIGERIA: An Assessment of Two Regimes
- Robert Chikwendu Asogwa
- ( paper pages. 1 - 32 )
Abstract
Recently, the Nigerian government signalled a return to an explicit industrial policyregime by prioritizing the growth of selected manufacturing subsectors, such as thetextile, apparel and footwear subsector through several support interventions andincentives. This study empirically investigated if this new industrial policy regimehas significantly improved performance of the manufacturing sector, especiallycomparing prioritized sectors with less-prioritized sectors. Using themanufacturing subsectors’ performance data panel compiled by the NationalBureau of Statistics and applying rigorous policy impact evaluation approaches,the study found no significant performance difference between prioritizedsubsectors and less prioritized subsectors or between the earlier regime of implicitindustrial policy and the new explicit industrial policy regime.
Citation
Robert Chikwendu Asogwa.
2018.
"INDUSTRIAL POLICY AND MANUFACTURING SUBSECTOR PERFORMANCE IN NIGERIA: An Assessment of Two Regimes"
The Nigerian Journal of Economic and Social Studies,
60 (3): 1 - 32.
JEL Classification
L78, L88, O55
