ASSESSMENT OF PROBLEMS ASSOCIATED WITH SOME SELECTED LOCAL INDUSTRIES IN A DEPRESSED ECONOMY
ASSESSMENT OF PROBLEMS ASSOCIATED WITH SOME SELECTED LOCAL INDUSTRIES IN A DEPRESSED ECONOMY
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Date
2006-11
Authors
AMINU, Habibu Sani
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Abstract
Local industries are faced with many problems which make the sector perpetually
uninteresting and undeveloped in the country. Among which are inadequate storage
facilities, undeveloped infrastructure facilities, unstable political environment, not
having access to credit facilities etc. This study is aimed at assessing the general
problems associated with some local industries in a depressed economy, and to
examine the problems facing Nigerian businessmen in establishing manufacturing
industries. Data was collected through the use of questionnaires and extract from
textbooks, journals, Newspapers, Official reports and documents and other relevant
related work on the topic under study. To analyze the information collected,
descriptive and discursive techniques of data analysis was adopted. Research
findings revealed that local industries in Nigeria suffer financial weaknesses in
setting up, management and sustenance of the enterprises. Lack of knowledge in
marketing and competitions was another problem faced by local industries; others
are high rates of wages in comparison with other larger companies, costly new
materials and poor infrastructure facilities. To guide against the aforementioned
problems, the following measures can be taken among others,
Government should make more funds available through financial assistance with low
interest rates of not more than 2%.
Setting up of body to monitor the activities of business enterprises from Local, State
and Federal level respectively, in addition, equity base of Nigerian Bank for
commerce and industry should be increased.
Description
BEING A PROJECT SUBMITTED TO THE POST GRADUATE SCHOOL OF AHMADU BELLO
UNIVERSITY, ZARIA IN PARTIAL FULFILLMENT OF THE REQUIREMENT FOR THE AWARD
OF THE DEGREE OF MASTER OF BUSINESS ADMINISTRATION (MBA)
DEPARTMENT OF BUSINESS ADMINISTRATION,
FACULTY OF ADMINISTRATION,
AHMADU BELLO UNIVERSITY, ZARIA.
NOVEMBER, 2006
Keywords
ASSESSMENT,, PROBLEMS,, ASSOCIATED,, SELECTED,, LOCAL,, INDUSTRIES,, DEPRESSED,, ECONOMY,