Industrialisation/Modernisation and Socio-Economic Growth/Development in Nigeria

Industrialisation or modernisation is the process of transformation of an economy from being based on traditional agrarian production methods to mass produced and technologically advanced goods and services. It involves revival of the economy from non-mechanised system to machine based manufacturing. Industrialisation simply is the development of an agrarian society into a modern society. However, it is the expectation of every society that it will be modernised or industrialised. Though modern/industrial societies are not without their challenges or obstacles, the gains outweigh the challenges. Such benefits have direct impacts on socio economic well-being of the people and development of the modern society at large. Failure to modernise puts the society at a stage of backwardness and underdevelopment leading to poor standard of living and poor quality of life. It is in view of this background that modernisation/industrialisation are considered as the option to socio-economic growth and sustainable development. Failure to attain modernity status leaves a state as underdeveloped. The purpose and objective of this academic paper is to further highlight the indivisible connection between the concept and idea of industrialisation/modernisation and growth/development. It will also provide prognosis of action that makes a case for Nigerian industrialisation/modernisation inorder to foster socio-economic growth.