n African Journal of Science, Technology, Innovation and Development - Innovation financing, industrial production and the growth of Nigeria's non-oil exports : research paper

Volume 3, Issue 1
  • ISSN : 2042-1338
  • E-ISSN: 2042-1346
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The paper examines the role industrial development plays in encouraging non-oil export in Nigeria by seeking to identify the inert problem militating against Nigeria's industrial growth. Though non-oil export had a significant effect on industrial growth, the sector was not significant enough to drive an upward growth in the Nigerian domestic economy. The paper therefore identified lack / poor access of smaller firms to finances as the key problem to industrial development. We propose several innovation financing strategies as a panacea to address effectively the difficulties of industrial development in Nigeria.

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