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ABSTRACT
This study examines the relationship between Industrial Development and Economic Growth in Nigeria (1985-2018). Often times, it is observed that the industrial sector is neglected, or not given maximum attention as it should, thus, an investigation of the relationship between industrial development and economic growth in Nigeria becomes imperative. The Kaldor (1962) neo-classical growth model was utilized as a theoritical justification, while, Error Correction Mechanism (ECM) estimation procedure was used as the estimation technique. Our findings reveal, amongst others, that Industrial development has a positive and significant relationship with economic growth, and the variables used for the analysis, (Industrial output, FDI, Government Capital Expenditure, Interest rate and Exchange rate) all showed a relationship with economic growth in Nigeria within the period under focus. Arising from the foregoing, we recommend amongst others that the government should institute policies that are favourable to the industrial sector, so as to promote its development and hence, speed up growth of the economy.
