Abstract
The study examined various government programs, trade and industrial policies and their impacts on survival, growth and development of Small Scale Industry towards their marketing activities in Nigeria with special focus on Lagos State, Nigeria. The purpose of the study was to find out if there is any significant relationship between trade and industrial policies, growth and development of Small Scale Industry and marketing activities in the country. The federal government of Nigeria has over the years shown great interest in development and supports of Small Scale Industries by formulating various programs, trade and industrial policies to stimulate growth and development of SSI and also ensure adequate financing to the sector. Yet, many Small Scale Industries in the country have either packed up, folded up, operating below average capacity or moved to the neighbouring countries for enabling environment. The dependent variable growth and development of Small Scale Industry was characterized into manpower size, business structure, technological development and advancement, among others. While the independent variable, trade and industrial policies were measured using Likert scale. The results revealed that the government trade and industrial policies have little or no effect on growth and development of Small Scale Industries and marketing activities in Nigeria as indicated by the low enhancement of SSIs development on financial assistance of 49% in Lagos State. The study further showed that government trade and industrial policies have little or no impact on technological development of SSIs in the country as indicated by 93% of SSIs that started with traditional technology which still maintain 49% tradition; 7% semi-mechanized, and 0% full mechanized/automation. It was concluded that trade and industrial policies of government were formulated with good intention to stimulate SSIs development and improve marketing activities of SSIs in the country but bureaucracy, corruption, poor policy implementation and lack of adequate awareness made them very ineffective.
Highlights
One of the best approaches to stimulate economic growth that will lead to employment generation, poverty alleviation and help in reducing crime in the developing countries such as Nigeria is the encouraging the establishing of Small Scale Industries in the country [1]
In Nigeria, a Small Scale Industry is defined by the National Council on Industry [5] as an enterprise with maximum assets base of N200 million excluding land and working capital and with staff strength of not less than 10 and not more than 300; whose activities include: agro allied; information technology and telecommunication; manufacturing; educational establishment; services; tourism and leisure, among others
The National Economic Reconstruction Fund [6] defines a Small Scale Industry as one whose total assets is less than 10 million naira but made no reference either to its annual turnover or the number of employees
Summary
One of the best approaches to stimulate economic growth that will lead to employment generation, poverty alleviation and help in reducing crime in the developing countries such as Nigeria is the encouraging the establishing of Small Scale Industries in the country [1]. It has proved to be one of the most viable sectors of the economic with growth potential for development [2] This is why the government of Nigeria has over the years been formulating policies that will channel investment in the development and growth of Small Scale Industries. In Nigeria, a Small Scale Industry is defined by the National Council on Industry [5] as an enterprise with maximum assets base of N200 million excluding land and working capital and with staff strength of not less than 10 and not more than 300; whose activities include: agro allied; information technology and telecommunication; manufacturing; educational establishment; services; tourism and leisure, among others. In the process of carrying out the research work, some numbers of problems were encountered with particular reference to time, cost constraints, availability of adequate and relevant data/information, lack of data, proper statistical records, in accessibility of data, unwillingness of respondents to cooperate, etc
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