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INDUSTRIALISATION POLICY AND THE SOCIO-ECONOMIC DEVELOPMENT IN AKWA IBOM STATE, NIGERIA, 2015-2022

Samuel Asua Asua, Ph. D1✉,James, Ifreke Ephrai2
1 Department of Political Science, University of Uyo, Uyo, Akwa Ibom State
2 Department of Public Administration, University of Uyo, Uyo, Akwa Ibom State

Abstract

This study examined critically the impact of Industrialization policy and the Socio-economic development in Akwa Ibom State, Nigeria, with specific focus on the Udom Emmanuel’s administration from 2015-2022. Despite the ambitions of the 2015-2022 administration to drive industrial growth, available evidence suggest that the outcomes have fallen short of expectations in key socio-economic areas. The study identifies several challenges undermining the effectiveness of these policies including high production costs, political instability, weak policy implementation, lack of political will, and the mislocation of industries far from the raw material sources. These issues collectively contributed to an underwhelming performance in promoting inclusive and sustainable development. The specific objectives of the study were threefold: to examine the relationship between the establishment of St. Gabriel Coconut Factory and employment generation in Akwa Ibom State between 2015-2022; to investigate the establishment of metering company and the availability of prepaid meters in Akwa Ibom State, and to evaluate how the production of Peacock Paint have contributed to the State’s internally generated revenue in Akwa Ibom State. The study is anchored on the Structural theory of Development by Wilhelm Wunt, which emphasizes the limitations inherent in economic structures of developing nations. The theory advocates for a transformation from agrarian subsistence economies to service driven, modernized and industrial economies. The study adopted a survey research method and data were collected using secondary source leveraging on the qualitative approach. The study concluded among others with recommendations for more inclusive, strategically located and well implemented policies to drive sustainable development.
Keywords: Industrialization, Policy, Socio-economy, Development, Akwa Ibom State, Administration, government.

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