Industrial development in Nigeria can be encouraged through

  • A signing WTO treaty
  • B granting subsidies
  • C the provision of efficient infrastructure
  • D direct government participation
jamb 2011economics

The correct answer is B. granting subsidies

Subsidies, on the other hand, refer to direct contributions, tax breaks and other special assistance that governments provide businesses to offset operating costs over a lengthy time period. By granting subsidies, industrial development is attainable.

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