THE DEVELOPMENT OF COTTAGE INDUSTRIES IN DEVELOPING OF RURAL AREAS IN NIGERIA

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THE DEVELOPMENT OF COTTAGE INDUSTRIES IN DEVELOPING OF RURAL AREAS IN NIGERIA

ABSTRACT

The rural sector of Nigeria has not witnessed significant level of development in the past 56 years of the nation’s independence. This is evidenced in the apparent lack of basic infrastructure facilities and abysmal poor quality of life in the rural areas. This situation is so in spite of the contribution of the rural areas to the overall national development. This research work, thus examines how the process of industrialization in rural areas, could foster the development in Nigeria hinterland. In gathering the data for the study, we relied on primary and secondary sources of information. And adopted descriptive method of research in our analysis. The study submits or observes the existence of insufficient emphasis on rural development policies by successive government. Coupled with laxity in implementing few of such policies. It thus, submits that enhanced aided localization of cottage industries could engender economic growth and development in rural areas.

                     CHAPTER ONE. 

1.1 BACKGROUND OF THE STUDY

Introduction

Most developing nations define industrialization as central objectives of their economic policy they see, industrialization goes with agricultural process as an integral part of growth and structural changes. Some economist and analyst are of the view that industrialization plays a major in the economic growth and development of any nation. In this work, effort is made to assess the impact of industrialization in economic growth of Nigeria. Since 56 years of nation’s independence, there were numerous economic activities undertaken by Nigerians. Nigerian were among the most active and insurious group of people in African. The economic activities were based mostly on primary production especially on agriculture, fishing and rearing of livestock. The rural sector of Nigeria is, very vital in the socio-economic development equation of the nation. It is, as observed by Nyagba (2009) that the most important sector of the Nigerian population is the rural areas. For instance, the rural sector is the major source of capital formation for the country and a principal market for domestic manufactures (Olatunbosun, 1975).Traditionally, cottage industries have been rural-based, but in course of time and with technological advancements, they spread to urban areas to avail of transport and marketing facilities and financial support from institutional sources. The area of cottage industries has now broadened remarkably from simple indigenous technology based and home-made products to sophisticated handicrafts of wide varieties

THE DEVELOPMENT OF COTTAGE INDUSTRIES IN DEVELOPING OF RURAL AREAS IN NIGERIA

THE DEVELOPMENT OF COTTAGE INDUSTRIES IN DEVELOPING OF RURAL AREAS IN NIGERIA