The architects of Nigeria's Development Plans believed in the power of the state to achieve socio-economic development through industrialisation. The nation invested heavily in highly-intensive and costly industrial plants such as iron and steel, petrochemicals, and aluminium plants; all of them failed. Planners were not well informed about planning industrial projects and therefore mismanaged them. The country today has nothing to show for billions of dollars invested. Presumptions, corruption and ignorance led to colossal ...
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The architects of Nigeria's Development Plans believed in the power of the state to achieve socio-economic development through industrialisation. The nation invested heavily in highly-intensive and costly industrial plants such as iron and steel, petrochemicals, and aluminium plants; all of them failed. Planners were not well informed about planning industrial projects and therefore mismanaged them. The country today has nothing to show for billions of dollars invested. Presumptions, corruption and ignorance led to colossal mistakes while the country descended into a consumption nation. Nigeria, the book argues, should not be a consumption but a production nation.
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