ECONOMICS

THEME – NIGERIAN ECONOMY AND MAJOR NATURAL RESOURCES

CLASS – SS 2

 

TOPIC – INDUSTRIES IN NIGERIA

LEARNING AREA 

1. Concept of Plants, Factory Firm, Industry and Industrial Estate

2. Factors that Influence the Location of Industries

3. Advantages and Disadvantages of Localization of Industry

 

INSTRUCTIONAL MATERIALS

Resource map of Nigeria showing industrial activities.

 

LEARNING OBJECTIVES

By the end of the lesson, students should be able to:

1. distinguish among the following concepts: plants, factory, firm, industry and industrial estate.

2. explain the factors that influence the location of industries.

3. explain the advantages and disadvantages of localisation of industry.

 

CONTENTS OF THE LESSON 

INTRODUCTION

An industry is a group of industries that produce competitive goods for the same market. Industrialisation is the process of changing from agricultural based economy (goods) to manufacture based.

 

CONCEPTS OF INDUSTRIAL CONCEPTS

1. PLANT 

A plant is a location where physical capital such as equipment, machinery and buildings are located for production of goods. It is also called a factory.

 

2. FACTORY 

A factory is place where goods are actually produced.

 

3. FIRM 

A firm is a profit oriented business organization that trades goods and  provides professional services, such as legal, accounting, etc. A firm can sole proprietorship, partnership, limited liability company, or corporation.

 

4. INDUSTRY 

An industry is a group of industries that produce competitive goods for the same market.

 

5. INDUSTRIAL ESTATE 

Industrial estate is a place that is planned and designed for industries to produce goods and essential services. For example, Ilupeju industrial estate.

 

LOCATION OF INDUSTRIES 

Location of industry is the establishment of an industry by private or government in a particular area for economic growth and development.

 

FACTORS THAT INFLUENCE THE LOCATION OF INDUSTRIES 

1. Capital

2. Availability of raw materials

3, good road network

4. Nearest to market

5. Political stability

6. Stable power supply

7. Infrastructures

8. Labour, etc.

 

REASONS FOR LOCATION OF INDUSTRIES 

1. It leads to growth and development of the area.

2. It discourages migration.

3. It ensure stability.

4. It reduces overpopulation in urban areas.

5. It improves standard of living.

6. It creates employment opportunities, etc.

 

LOCALIZATION OF INDUSTRIES 

Location of industry is the establishment of too many industries in a particular area for economic growth and development.

 

ADVANTAGES OF LOCALIZATION OF INDUSTRIES 

1. It provides employment opportunities.

2. It employs all types of labour.

3. It leads to healthy competition.

4. It improves the labour market for both the employer and employees.

5. It increases standard of living.

6. It produces variety of goods and services.

7. It generates revenues for the government in form of tax.

 

DISADVANTAGES OF LOCALIZATION OF INDUSTRIES 

1. It leads to congestion.

2. It causes all types of pollution.

3. It encourages migration.

4. It increases cost of living.

5. It serves as target zone during war.

6. It creates monopoly and exploitation.

 

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LESSON PRESENTATION

TEACHER’S ACTIVITIES

The teacher arranges excursions to local factories, construction companies and mining sites and industrial estates where possible.

 

STUDENT’S ACTIVITIES

The student,

1. think out reasons of siting certain factories in their neighbourhood where they are sited.

2. list some advantages derivable from having firms of the same industry close to one another.

 

LESSON EVALUATION

Teacher asks students to,

1. define industrial concepts.

2. distinguish among the following concepts: plants, factory, firm, industry and industrial estate.

3. explain five factors that influence the location of industries.

4. explain five advantages of localisation of industry.

5. explain five disadvantages of localisation of industry.