(a) Describe any three features of local craft industry in Nigeria. (b) Outline any four...

Explanation

(a) Features of local craft industries in Nigeria.

(1) Limited space is used as wcr:;shop.

(2) A small labour force made up of mainly the family members is employed.

(3) Small quantities of articles are produced which are sold in the local markets.

(4) Many of the articles produced depend on equipment which are not electrically powered.

(5) Irregular hours of work.

(6) Less capital intensive.

(7) Prices of products are negotiable.

(8) Irregular income.

(9) Uses local raw materials mainly.

(10) Uses of simple tools.

(11) Rare government assistance.

(12) Products are of high artistic quality.

(13) All year round employment.

(b)Factors Affecting the location of manufacturing industries in Nigeria.

(1) Nearness to source of raw materials.

(2) Political stability.

(3) Nearness to markets.

(4) Availability of labour / skilled and unskilled.

(5) Follow-the-crowd tendency.

(6) Social identification of locating industries in entrepreneur's locality

(7) Availability of capital.

(8) Government policy.

(9) Good transport facilities.

(10) Nearness to seaports and airports.

(11) Availability of power.

(c) Ways in which industries have contributed to the Economy of Nigeria.

(1) Source of foreign exchange.

(2) Source of revenue to government.

(3) Generation of employment.

(4) Source of raw materials to industries.

(5) Growth of towns.

(6) Development of infrastructure.

(7) Improved standard of living.

(8) Growth of ancillary industries.

(9) Human capital development.

(10) Diversification of the economy.

(11) Conservation of foreign exchange.

(12) Increase in Gross National Product (GNP)

(13) Funding of education / research.

(14) Improvement in trade balance.

(15) Stimulation of other sectors e.g. mining, agriculture, lumbering, etc.

(16) Provision of assorted goods.

(17) Control of inflation through mass production.