Published
2022-04-06
Issue
Section
Articles
How to Cite
Evaluation of Manufacturing Sector Performances and its Employment Creation in Nigeria
Anna N Tizhe
Department of Economics and Statistics, University of Benin, Benin City, Edo State, Nigeria.
Umar SS
Department of Statistics, Auchi Polytechnic, Auchi, Edo State, Nigeria.
Idris Abubakar
Department of Economics, Edo State University, Uzairue, Edo State, Nigeria.
DOI: https://doi.org/10.20448/growth.v9i1.3827
Keywords: Manufacturing sector, Performances, Employment generation, Agriculture, Services, Oil and mining sectors.
Abstract
This study evaluates the performances of manufacturing sector and its effects on employment creation in Nigeria. Historical data relating to performance of some selected sectors of the manufacturing sector of the economy and employment were gathered. Secondary sources (Central Bank of Nigeria (CBN), Nigerian Economic Submit Group (NESG) and Manufacturing Association of Nigeria (MAN)) were explored for data used in this study. Data were analysed using descriptive approach .This study documented that performances of the sector has not been encouraging given its overall percentage contributions to growth of Nigeria economy. Poor performances of manufacturing sector have far-reaching negative effect on the employment generation and standard of living of the people. Therefore, to improve this sector, this study recommends the strengthening of the infrastructures especially energy, transportation, security system, reduction of interest rate and avoidance of imposition of multiple taxes as the major impediments to manufacturing performances in Nigeria.