Global Growth Sustenance, Industry 4.0 and the Nigeria Context

OPARANMA, AUSTIN OKACHI, NWAEKE, LAWRENCE.I, OSHO, ADESINA.A

Abstract: A popular conception of globalization means it is a business strategy meaning doing everything the same way everywhere. This paper explore current trends on globalization that is hinged on industry 4.0 and how Nigeria as an entity stands to benefit  from it if the current global growth is sustained. The paper explore the issue of industry 4.0 vis-à-vis some key economic sector of Nigeria. These include agriculture/industry, information and telecommunication and most essentially youth employment. The paper identified training and retraining of the youth as a panacea to sustained economic growth. The paper equally identified the Agricultural sector, information and telecommunication sector, mining and solid minerals sectors as key area that needed to comply with industry 4.0 taking cognisance of youth empowerment. The paper recommends that digitization and automation should be seen to improve the lives of the citizenry and by working together the economic community can create better chance for the people. By understanding each other better we will have a world order of peace and tranquillity.  Nigeria needs to embrace technology, because technology drives globalization.

Keywords:  Globalization, Industry 4.0, Youth Employment, Training and retraining.

Title: Global Growth Sustenance, Industry 4.0 and the Nigeria Context

Author: OPARANMA, AUSTIN OKACHI, NWAEKE, LAWRENCE.I, OSHO, ADESINA.A

International Journal of Management and Commerce Innovations 

ISSN 2348-7585 (Online)

Research Publish Journals

Vol. 5, Issue 1, April 2017 – September 2017

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Global Growth Sustenance, Industry 4.0 and the Nigeria Context by OPARANMA, AUSTIN OKACHI, NWAEKE, LAWRENCE.I, OSHO, ADESINA.A