Lesson Notes By Weeks and Term - Senior Secondary 2

Localization of industries

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Term: 1st Term

Week: 9

Class: Senior Secondary School 2

Age: 16 years

Duration: 40 minutes of 2 periods each

Date:       

Subject:      Economics

Topic:-       Localization of industries

SPECIFIC OBJECTIVES: At the end of the lesson, pupils should be able to

  1. Define localization of industries
  2. State the factors that affect the localization of industries
  3. State the advantages and disadvantages of the localization of industries
  4. Discuss the problems and solutions to the problems of industrialization in Nigeria

INSTRUCTIONAL TECHNIQUES: Identification, explanation, questions and answers, demonstration, videos from source

INSTRUCTIONAL MATERIALS: Videos, loud speaker, textbook, pictures

INSTRUCTIONAL PROCEDURES

PERIOD 1-2

PRESENTATION

TEACHER’S ACTIVITY

STUDENT’S ACTIVITY

STEP 1

INTRODUCTION

The teacher reviews the previous lesson on industrial concepts

Students pay attention

STEP 2

EXPLANATION

She defines localization of industries. She states the factors that affect the localization of industries.

Students pay attention and participates

STEP 3

DEMONSTRATION

She states the advantages and disadvantages of the localization of industries. She further discusses the problems and solutions to the problems of industrialization in Nigeria

Students pay attention and participate

STEP 4

NOTE TAKING

The teacher writes a summarized note on the board

The students copy the note in their books

 

NOTE

LOCALIZATION OF INDUSTRIES

Localization of Industries is the establishment of many similar industries or concentration of firms in a particular area for economic, social geographical or political reasons.

FACTORS THAT ENCOURAGE LOCALIZATION OF INDUSTRIES

1) The availability of Raw materials

2) The availability of Labour

3) The availability of Infrastructural

4) Technical Economics

5) The availability of marketing facilities

6) Joint Research and Training

7) Government Policy

ADVANTAGES OF LOCALIZATION OF INDUSTRIES

1) Inter-dependence of firms

2) It creates employment for the citizens

3) Development of subsidiary industries

4) Provision of Social Amenities

5) Conduct of Research

6) Development of organized market

7) Urbanization

8) Rural Economic Development

9) Technical Linkage

DISADVANTAGES OF LOCALIZATION OF INDUSTRY

1) Congestion

2) Shortage of social amenities

3) Unequal development

4) Structural Unemployment

5) Social vices

6) Causes Pollution

7) Target for destruction

8) It causes migration

STRATEGIES FOR INDUSTRIALIZATION

  1. Import Substitution Strategy: This is a method of production whereby imported goods are replaced with domestic goods.
  2. Export Promotion Strategy: This is a strategy that is geared towards promoting exportation of goods produced locally.
  3. Small Scale Industrialization: This is the establishment of large number of small scale industries in a country in order to get the industry industrialized.
  4. Balanced Growth Strategy: This strategy advocates the development of all sectors of the economy simultaneously.

PROBLEMS OF INDUSTRIALIZATION IN NIGERIA

1) Shortage of capital

2) Shortage of skilled labour

3) Shortage of raw materials

4) Foreign dependence

5) Inadequate use of research findings

6) Inadequate financial institutions

7) Inadequate storage facilities

8) Unstable political system

9) Corruption and Mismanagement

10) Poor transport system

11) Bad government policies

SOLUTION TO THE PROBLEM OF INDUSTRIALIZATION IN WEST AFRICA

1) Acquisition of necessary skill

2) Good Government policies

3) Incentives to Local Industries

4) Efficient Transportation systems

5) Effective management training

6) Establishment of Industrial Banks

7) Stable Government

8) Building and maintenance of infrastructural facilities

9) Consumption of Local product

10) Local sourcing of Raw Materials

 

ROLES OF INDUSTRIALIZATION IN ECONOMIC DEVELOPMENT OF A COUNTRY

1) Economic development

2) Employment

3) Increased productivity

4) Reduced prices

5) Savings

6) Investment

7) Diversification

8) Foreign exchange

9) Exporting ability

10) Boost agriculture

11) Self-sufficiency

12) Technical development

13) Skilled manpower

14) Output level

 

EVALUATION:    1. Define localization of industries 

  1. State four factors that encourages the localization of                    industries
  2. State five factors affecting the location of industries
  3. State three each of advantages, disadvantages and                    strategies for the localization of industries
  4. What are four problems of localization of industries in                    Nigeria? Discuss their solutions alongside

CLASSWORK: As in evaluation

CONCLUSION: The teacher commends the students positively