PROBLEMS OF MANUFACTURING INDUSTRIES IN NIGERIA AND AFRICA

              PROBLEMS OF MANUFACTURING INDUSTRIES IN NIGERIA AND AFRICA

The following factors hinder, limit or are responsible for the relatively low level of industrial development in Nigeria

  1. Shortage of raw materials: Lack of sufficient raw materials available to industries hinders large scale production
  2. Insufficient capital: Access to finance or loan is very difficult. Capital i.e. loan is only for the big time investors who possess collateral securities.
  3. High degree of foreign dependence: Most products made in Africa are of low quality compared with their counterparts in developed countries; hence, people rely or depend on foreign goods.
  4. Poor quality of industrial labour: Nigeria has a large pool of illiterate population that provides the personnel for our industries.
  5. Low purchasing power of the populace: Large scale poverty in Nigeria makes people have low purchasing power.
  6. Inadequate power supply: There are frequent disruptions of power supply in industrial areas and many areas do not even have power supply at all.
  7. Competition from foreign goods: because of the high quality of foreign goods, these produced by our local industries are usually not patronized.
  8. Shortage of entrepreneur: Owing to lack of capital and other factors, reliable investors are not common.
  9. Poor management: Corruption, embezzlement and negligence of duty are very common in African countries and these are indicators of poor management.
  10. Political instability: Frequent changes in governments and incessant civil wars in African countries discourage foreign investors.
  11. Inadequate transport and communication facilities: Transportation network like road, rail and communication facilities are grossly inadequate in Tropical Africa.
  12. Small market for industrial goods: Tropical African countries do not have large market that can accommodate industrial goods produced.
  13. Inadequate skilled man – power: Skilled man- power required for high industrial growth is grossly inadequate in developing countries.
  14. High cost of spare – parts: Industrial machines imported into developing countries may break down. In most cases, spare parts for such machines may not be available and when they are available, they are very expensive.
  1.     economic tools for nation building
  2.  
  3. factors affecting the expansion of industries
  4. bud
  5. mineral resources and the mining industries
  6. demand and supply
  7. types of demand curve and used
  8. advertising industry
  9. factors of production
  10. entrepreneur
  11. joint stock company

RINDER PESTS
148. NEWCASTLE DISEASE
149. BACTERIA DISEASES
150. ANTHRAX
151. BRUCELLOSIS
152. TUBERCULOSIS

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