ETHICAL IMPERATIVES AS PANACEA FOR SUCCESSFUL INDUSTRIALIZATION IN NIGERIA

The motivation of this paper is to explore the concern of humanity within the global community in pursuit of development the third world nations. This concern is pronounced because of the fact that industrialization is one of the vehicles for rapid economic growth in many nations in the world. Nigeria is in dire need of development, and the possibility of this lie on industrialization especially in this era of change. After years of industrial attempts, Nigeria has experienced serious setbacks as a result of lack of maintenance of industrial ethics, hence, the need to re-engineer achievement of rapid industrial development in Nigeria. This work is set to fill the ethical gap to ensure effective industrialization and economic development in Nigeria. Using the exploratory and prescriptive approaches, this work examined the nature of industries and the moral transformation needed for effective industrialization in Nigeria. The paper shows that the industrial sector in Nigeria has suffered setback as a result of the limited moral standard in the system. The work recommends moral transformation industrial sector in order to ginger change that would lead to economic development in Nigeria.