1.3 problems that the study will be concerned with
1.4 importance of studying the area
1.5 Definition of important terms.
2 Literature review
2.1 The origin of the subject area
2.2 Schools of through within the subject area
2.3 The school of thought relevant to the problem
2.4 Different methods of studying the problem
3.1 Data presentation
3.2 Data analysis
GENERAL BACKGROUND TO THE SUBJECT MATTER.
The president of manufacturing association of Nigeria, Rufus
giwa(2000 .p 16) defined industry thus:
particularly, manufacturing, in the motive force for development. Infact,
industrialization is more than engiues of growth. It is also the catalyst for
technological, financial and socio- economical advancement.”
Trade and more especially foreign trade have astronomically been
instrumental in mans bids towards betterment of his life on earth. Today, we
can enjoy and make use of author mobile made in far away Japan as if they grow
in our garders. Other articles which we cant dream of producing even in
the next millennium liters our market as if they were going out of fashion. All
these are courtesy of foreign trade and broadly on one of its two- pronged
division: “ impastation”. A very important concept it as, but like a two
edged sword, it can destroy if not carefully handled.
A student on how foreign products crowd market and how our local
industries are nose. Divine into oblivion show that we are already receiving a
fair dose of rough handling under the sharp claws of this excessive importation.
“ The Nigeria trade journal” of March/April 1980, analyzing our
trade statistics put the total of bear and stout importation at N7,562,315.
people shouted and rose dust over it that it is excessive, but what have we to
say today that people zoom off from the country just to import tooth picks and
The millions of graduates that our academic institutions turn out
annually have their fate hanging over the balance. With hands supporting their
checks, and all hope on divine intervention they helplessly watch as our few
industries fold up in their hundreds.
Retrenchment and counter retrenchment of workers have become so
common as the few existing owns battle to break even and remain in
contention. consequently, employment and poor standard of living can’t be more
An idle man they said in the devils tools. Cooping with the fact
that both ends must meet, arm-robbery, fraud, bribery corruption and other
social vices exert dominion. Hence our country can’t heap winning the
inglorious “most corrupt country” award in the year 2000.
Our surviving industries virtually are at the
end of this letter forgery, from the lamentable figures they post in their
annual report as profit after exuberant tax from a government that don’t spare
their selves a thought about their welfare instead of re-investment or
expansion, the little token that will succeed in dropping into their
coupes went into unreasonable advisement which they see as their last reset to
remain in contention in the ever growing corporative market.
These and many must have been the plight to our indigenous
industries consequent upon excessive importance. This work try to look into the
effect of this practice and to curtail it’s excesses. It will make a step
further to put forward, measures towards revamping the vandalized state of on
1.2 PROBLEMS ASSOCIATED WITH THE SUBJECT MATTER
The subject matter is that which have a hamper of problems under
it’s care. Below are some of them.
1. DEPRESSION AND DUMPING: With more and more goods from abroad
finding their ways undisturbed and unrestricted into the country, compiling
with the locally made ones, a situation where supply will exceed demand will
emerge. And nor only will on wobbled economy and indigenous industries
Sutter a great depression, but also the nation will be into a dumping
2. EXCESSIVE COMPETITION: Our weak industries became so much
endangered by the menace of their vibrant foreign counterparts. Much of the
market share from day to day fell to these foreign goods. And to fight back
in their own effeminate way in order to still remain in contention, our
indigenous industries resort to aggressive promotion which drain their merger
income and adversely affect their level of operation.
3. UNEMPLOYMENT: With
a generous portion of the worker under the control of these goods, mass
retrenchment of workers becomes
Our gradates will then, day in and day at continue parading the
street with the files in search of work that never exist.
4. FOLDING UP/ EXTENTION: The heart breaking stage of it all is that
after so many years of struggling with their Herculean foreign opponents,
majority of these indigenous industries inevitably end up kissing the dust of
bankruptcy and liquidation.
5. BLEAK FUTURES FOR INDUSTRILIZATION: The subject matter even posed a sinister
signal to our country’s dream towards industrializing the economy.
Judging this, who will wish to invest in the industrial sector while the
government will just fold their hands and watch indifferently as foreign goods
fly as foes as weaver.
Bird in and out of the country’s boundary? How will the dream be
realized while the merger number of industry already in existence keep on
droindling geometrically? With such a situation end up as a more mirage and our
country, will perpetually remain a dependent and parasitic country where
foreigners will for dernity rely on as a fertile ground for marketing their
1.3 PROBLEMS THAT THE STUDY WILL BE CONCERNED WITH.
1. The study will occupy itself with how to
systematically X- ray the date of harms that will be the lot of our
country and their industries with the continuous imperialism of this ugly
practice under these marquees.
2. To identify the magnitude of damage which on
indigenous industries have been subjected to die to excessive importance.
3. To inculcate in the muld of our country men the
need for then to have faith in our local produces and pipe line at the rate by
which they scramble over foreign goods.
4. To ensure that the excessive importation goods
1.4 IMPORTANCE OF STUDYING THE
The aspiration and zeal of writing this project work was drawn
from the alarming rate of importance, and our country’s obsession for unprotect
goods which on local industries are at the receiving end of.
This study will facilitate in a small measure the drastic
reduction if nor completely, the fearful rate of importation in the country and
the much inclination of the people of our dear country to foreign goods.
The problem of unemployment, with the increment in the
operation level of our industries will be curbed. Retrenched work as will have
smiles dotting their once desperate faces. And on graduate will have their
ambition of contributing their quota towards the development of our country
fulfilled with such a development, more industries will be established, people
will have more places to invest standard of living will be enhanced, and our poor
economy will be rejuvenated
1.5 DEEFINATION OF IMPORTANT
Before we delve deeper into thin study, let us try to
illuminate some terms and words that will keep on occurring in this cause of
is the act of bringing or causing any good to be brought into a country’s
territory. It an also be seen as a branch of foreign trade which deals on
procurement of goods into a country. These goods in question under a normal
circumstances suppose to be under the import quota’s stipulation
and actual requirement of the country.
EXCESSIVE OR UNRESTRAINED IMPORTATION: Importation can be as stipulated by the
excessive when the import quota as stipulated by the government are being
violated or not adhered to it. Can also mean when emphasis on importation nor
strongly laid on what a country actually cant produce if their basic
refers to the coming together of firms producing similar goods or are not
engaged in the same line of operation. It can be said to involve the
transformation of materials from original states to new forms.
And it may refer to a group of firms producing different ports of
IMPORT QUOTAS: This
is quantitative for a specific produce during a given period.
FIRM: This is an economic mind of an organization involved in a
definite production process.
This can be said to be synonymous with technology. And technology refers
to these tools and machines used in the production of both capital
and consumer’s goods.
TERMS AND CONDITIONS APPLY
For more informations on project materials and more