Small scale industries and businesses are crucial to the rapid development of a nation.
It is said that, “Puddles make up pools and pools make up rivers.”
'Pocket’ industries or home based industries , which can be classified under cottage industries, can also produce goods and services that can boost a nation’s Gross Domestic Product (GDP), increase her export capacity and also raise her peoples’ standard of living.
All these can be made possible if developing nations can create the environment that can engender the proliferation of these small scale industries.
This calls for:
- The multiplication of true micro finance banks that will make available the necessary funds to the qualified and willing individuals or groups to start up small scale industries.
- Awareness campaigns for the need to move from being “slaves” to being“masters” that is from employees to employers (entrepreneurial development )
- The encouragement of industrial skills acquisition in schools ( primary, secondary and higher institutions) and also on NYSC camps
- Subsidies made by the government on industrial chemicals.
Ani, Victor. O For AMBER-WHEELS…curbing unemployment