The Contributions of Marketing to Nigerian Economic Development By


d. Marketing, the pivot of industrialization/Entrepreneurial Growth



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d. Marketing, the pivot of industrialization/Entrepreneurial Growth

In today’s dynamic world, rapid growth and advancement in the manufacturing sector, viz – industrialization, is one of the key indicators of National development. Research and development is the base of industrialization and the end- result of their activities is innovation and technological growth in the manufacturing sector of the economy. Nigeria is blessed with many industries both foreign- owned and local ones. There are also multinational companies and organizations in the country. There is also need to enhance small business entrepreneurs as done in Japan and United States. All the industries place more emphasis on marketing which in itself, is a stimulus that encourages innovation and growth. No business can exist without sales which is an integral part of marketing. It therefore follows that industrialization will achieve its aims once it is customer –oriented or market based and neglect to marketing obviously leads to stagnation or even extinction.




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