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THE UNITED NATIONS INDUSTRIAL DEVELOPMENT ORGANIZATION’S ROLE IN MODERN INDUSTRIALIZATION OF NIGERIA
ABSTRACT. The high rate of economic growth, the provision of basic facilities, and job creation are products of any nation’s level of industrialisation. Globally, no nation is considered to have attained a concerted level of a high standard of living in the absence of economic development that is highly productive-based. However, Nigerian industrialisation has continued on a downward journey in the 21st century, despite several industrial development policies. Therefore, this paper is an attempt to find out how industries have fared and challenges facing their development in Nigeria. It is also an effort to unearth whether UNIDO has influenced Nigeria industrial development. The study adopted a descriptive research design and documentary data analysis method to elucidate the fact that the UNIDO supports have not significantly impacted industrialisation in Nigeria. The adoption of Top-Down as a theoretical model of analyses has validated the fundamental issues raised that; several industrial development programmes and projects initiated by successive administrations in Nigeria to help in revitalizing the country’s industrial landscape in line with the government’s goal of emerging among the top 20 most developed economies in the world by 2020 have failed. The major informed findings of the paper are that for the time being, Nigeria still remains a consuming economy of finished products including some raw materials and not a producing one. In addition, her critical construction and maintenance engineering activities are foreign experts-based thereby relegating the local content to the background. These cumulatively result in the advancement of the fact that the UNIDO supports have not significantly impacted the development of industries in Nigeria. The discourse conclusively recommended the creation of a robust support programmes for Small and Mediumsize Enterprises (SMEs) being major channels of entrepreneurship development, innovation and socio-economic sustainability; the development of investment and technological promotion environment, improvement of industrial domination, official and regulatory framework, data and critical infrastructure; and the establishments and support for a wide-range business-oriented institutions and organisations for the provision of collective and targeted services for other enterprises in traditional sectors like food, textiles, wood, leather, and agro-mechanism), including intensive economic segments like electronics and biotechnology.
KEY WORDS: challenges, economy, implementation, industrial development, international organization, policy.