Orientation: The industrial sector contributes to the growth of other sectors of the economy. Despite the number of industries in various sectors of the economy, inclusive economic growth is still not met in Nigeria.Research purpose: This article examines the impact of industrialisation on the growth of Nigeria’s economy.Motivation for the study: There exists a divergence in the results of the existing empirical investigations conducted on Nigeria in comparison with other developing economies.Research approach/design and method: The Johansen co-integration and Granger causality tests are utilised to determine the long-term relationship and causality among variables.Main findings: Industrial output has a significant direct effect and an aggregate effect of 86% on the real gross domestic product (GDP). A unidirectional causal impact of industrial output on real GDP was also established.Practical/managerial implications: Fund managers, international traders, policymakers and designers of business strategies and policies should take note of the dynamics of Nigerian industrialisation. This study recommends that government should encourage more foreign direct investment through the adoption of industrialisation policies such as tax holidays, provision of land for industrial uses to foreign investors and also ensuring that the lending interest rate for the real sector is lowered during low production to stimulate growth in the sector. The government should also increase electricity supply, ensure green industrialisation, encourage renewable energy consumption and control the exchange rate that may stimulate industrialisation and increase growth of the economy.Contribution/value-add: This article contributes to existing economic development literature by filling the gap related to the dynamic effect of industrialisation on the Nigerian economy.

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Background: Transfer pricing manipulation diminishes revenue generation by the host countries. The results of the investigations in the literature show divergence to the extent of the impact of transfer pricing on economic growth in both the low- and high-tax countries, especially as this type of investigation is still scanty in the literature.Aim: The study examines the effect of transfer pricing manipulation on economic growth in Nigeria.Setting: Multi-national companies in Nigeria.Methods: The auto-regressive distributed lag (ARDL) approach was applied to data from Nigeria between 1986 and 2019.Results: The findings reveal an insignificant relationship between economic growth and explanatory variables such as transfer pricing manipulation, unemployment rate, government revenue and trade openness. The result also shows a significant negative relationship between the exchange rate and economic growth.Conclusion: The study recommends that the government should implement proper monitoring of multinational companies to check their day-to-day transaction activities. This may help the government to generate more revenue, and serves as an avenue to create more employment opportunities.Contribution: In this study an important aspect is indicated in that multinational companies often misuse revenue to gain undeserved profits, rendering unnecessary costs to market and rendering other companies less competitive, as well as exploiting buyers and consumers. This is an important loophole that law- and policymakers as well as governments should pay attention to and act against.