Chapter One — 1.1 Background to the Study

Industrialization Policy has increasingly attracted the attention of researchers, regulators, and practitioners concerned with non-oil revenue growth. This growing interest reflects the recognition that industrialization policy does not operate in isolation, but interacts with a wider set of institutional and market conditions found within the Federal Capital Territory, Abuja.

the Federal Capital Territory, Abuja presents a useful setting for examining this relationship precisely because the conditions there — structural, regulatory, and behavioural — differ from those typically assumed in the broader literature, most of which draws on evidence from more developed economies.

1.2 Statement of the Problem

While industrialization policy is widely discussed in policy and industry circles, empirical evidence on its actual effect on non-oil revenue growth within the Federal Capital Territory, Abuja remains sparse and, in places, contradictory. This lack of localized, rigorous evidence makes it difficult for decision-makers to know with confidence whether current approaches to industrialization policy are helping or hindering non-oil revenue growth — a gap this study sets out to close.

1.3 Objectives of the Study

1. To examine the effect of Industrialization Policy on non-oil revenue growth in the Federal Capital Territory, Abuja.
2. To assess the extent to which industrialization policy influences non-oil revenue growth within the study area.
3. To identify the challenges associated with industrialization policy in relation to non-oil revenue growth.
4. To recommend strategies for optimizing industrialization policy in order to improve non-oil revenue growth.

1.4 Research Questions

1. What is the effect of industrialization policy on non-oil revenue growth in the Federal Capital Territory, Abuja?
2. To what extent does industrialization policy influence non-oil revenue growth within the study area?
3. What challenges are associated with industrialization policy in relation to non-oil revenue growth?
4. What strategies can be adopted to optimize industrialization policy in order to improve non-oil revenue growth?

1.5 Significance of the Study

Beyond its academic contribution to the field of economics, this study has practical value for management teams within the Federal Capital Territory, Abuja seeking to understand how industrialization policy translates into measurable outcomes around non-oil revenue growth. It is equally useful to students and future researchers looking for a localized empirical reference on this relationship.

1.6 Scope of the Study

The study is limited to an examination of Industrialization Policy and its relationship with non-oil revenue growth within the context of the Federal Capital Territory, Abuja. It reflects a clearly defined scope of analysis and relies on data and perspectives available within that scope; generalizing the findings beyond this specific context should therefore be done with appropriate caution.