Assessment Of Problems Associated With Some Selected Local Industries In A Depressed Economy

📄 Project 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...