JAMB - Economics (2011 - No. 29)
Industrial development in Nigeria can be encouraged through
signing WTO treaty
granting subsidies
the provision of efficient infrastructure
direct government participation
Shpjegimi
Subsidies, on the other hand, refer to direct contributions, tax breaks and other special assistance that governments provide businesses to offset operating costs over a lengthy time period. By granting subsidies, industrial development is attainable.