NIGERIA’s industrial value dropped by 41 per cent between 2012 and this year, the African Development Bank (AfDB) indicated last Wednesday. This loss of industrial production value, the AfDB boss noted, was responsible for massive unemployment on the continent. Adesina said: “Between 2012 and 2018, Africa’s industrial value added declined from $702 billion to $630 billion, a loss of $72 billion. The country would be engaging in self deceit if it thinks that it can make any realistic progress without sustained industrial production. The way forward, therefore, is for the government to re-engineer its policies and programmes and move the country from primary to industrial production.

Source: Nigerian Tribune May 27, 2018 23:26 UTC