Advantage of imitation

Industrial development is not luck; it is a nation’s choice. With continued globalization of the world’s economy the convergence of consumer tastes and world-wide dispersal of industrial technology the manufacturing sector has never been as competitive as it is today. Companies are no longer concerned about firms within their geographic jurisdiction but with every competitor all over the world. Low international freight costs and unprecedented levels of information available over the internet has truly transformed the world into a single accessible market. In today’s world the fierce global competition has reduced the likelihood of spontaneous development of new Industry. Countries must therefore have a deliberate precise and intense approach to nurture and expand Industrial activities. This is even more paramount for a country like Nigeria starting from a relatively low manufacturing base. Nigeria needs to ensure continuity consistency and commitment in the government’s programs.