NIGERIAN TEXTILE INDUSTRY: A TOOL FOR ACTUALISING ECONOMIC STABILITY AND NATIONAL DEVELOPMENT
Journal Title: European Journal of Business and Social Sciences - Year 2015, Vol 4, Issue 8
Abstract
The Nigerian textile industries (indigenous and modern) which have sustained the national economy for more than three decades are dying by the day without any hope of resurrection. This paper therefore examines factors that are responsible for the dwindling and near extinction of the textile industry in Nigeria and its implications for national growth and development. The paper specifically is focused on the viability of the Nigerian textile industries as an alternative for revenue generation and a tool for economic empowerment. The study adopts an art historical method based on interviews, archival records, print and electronic media; while the data was critically analysed using the modernisation and dependency theory of development. Findings reveal that trade libralisation, Nigeria’s policy on textile imports, desire for foreign textiles over home-made ones which lead to poor patronage, neglect of agricultural sector, unstable power supply, and lack of technical proficiency, among others are factors responsible for the gradual extinction of the industry. The study submits that a well-developed and effectively managed textile industry will impart positively on the nation’s economy and ensure the sustainability of Nigerian textile industry; more so, it will drastically reduce the tide of unemployment in Nigeria.
Authors and Affiliations
David Olajide MAKINDE| Department of Fine and Applied Arts, Obafemi Awolowo University, Ile-Ife, Nigeria domakinde@yahoo.com, michofajuyigbe@gmail.com, segunajib@gmail.com, Michael Olusegun FAJUYIGBE| Department of Fine and Applied Arts, Obafemi Awolowo University, Ile-Ife, Nigeria domakinde@yahoo.com, michofajuyigbe@gmail.com, segunajib@gmail.com, Olusegun Jide AJIBOYE| Department of Fine and Applied Arts, Obafemi Awolowo University, Ile-Ife, Nigeria domakinde@yahoo.com, michofajuyigbe@gmail.com, segunajib@gmail.com
Keywords
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- EP ID EP10681
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