CHAPTER ONE

1.1    BACKGROUND OF THE STUDY

Since the attainment of independence by West Africa countries, successive governments have taken serious interest in industrialization.  Industrialization can be defined on the conversion of an agrarian and commercial society to more comprehensive machinery oriented.  Social – economic system.  This concept cannot be treated, without remembering the industrial revolution of the Western Europe of the 15th and 16th century.  The new Encyclopedia 4th edition (1975) described the industrial revolution as a term usually applied to the socio-economic changes that marked transition from a stable agricultural and commercial society to a name machinery oriented system.

Agriculture which has been the major occupation of more than 80% working population of Nigeria, began to suffer a diminishing role, claiming a lots of population in manpower.  Another related lesion form the history of planned industrialization of the socialist countries especially Soviet Union whose economy was transformed from a very short period predominating of agricultures, change rapidly to an industrialized society.

A further element in the appeal for industrialization is based on the fact that the economic quart for increase in a wide scopes of industrialization both import-substitution and export substitution.  The unequal distribution of gains from trade between developed and a developing country is a related justification for the policy of industrialization. 

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