THE ROLE OF ENTREPRENEURSHIP IN ECONOMIC GROWTH IN NIGERIA (A CASE STUDY OF MARKETABILITY OF MADE IN NIGERIA TEXTILE MATERIAL)


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THE ROLE OF ENTREPRENEURSHIP IN ECONOMIC GROWTH IN NIGERIA (A CASE STUDY OF MARKETABILITY OF MADE IN NIGERIA TEXTILE MATERIAL)

ABSTRACTThe way Nigerian consumers evaluate homemade goods could have an input on their attitude and behavioral intention towards domestic and foreign manufactured products, particularly textile products. Yet, this decision-making process has been examined from marketing-mix elements, the consumer ethnocentrism, and country of origin study areas, this study investigated the problems and prospect of marketing made-in-Nigeria goods in Nigeria, using textile products as a case study. The project employed the use of a questionnaire which was administered to students, manufacturers, markets, and consumers of locally manufactured textiles, and dres's designers, which was personal administered. Using statistical method – chi-square method was used, the result showed that, the desire to buy made-in-Nigeria textile depends greatly on the quality of the product.         TABLE OF CONTENTSTitle page                                                                                                                     i Certification                                                                                                                ii Dedication                                                                                                                  iii Acknowledgment iv Abstract                                                                                                                      v Table of content                                                                                                          viCHAPTER ONE  1.0       Introduction                                                                                                    11.1       Background of study                                                                                1 – 21.2       Justification of study                                                                                21.3       Statement of the problem                                                                               2 – 31.4       Research Question                                                                                          31.5       Hypothesis formation1.6       Objective of the study1.7       Methodology of the study1.8       Limitation of the study1.9       Definition of terms CHAPTER TWO2.0       Literature review                                                                                             92.1       Marketing concept2.2       Markets orientation2.3       Element of market orientation2.4       Consequences of market orientation2.5       Concept of made in Nigeria goods2.6       Standards of made in Nigeria prospect2.7       Export market problems and prospect2.8       The state and size of the Nigeria textile clothing industry2.9       The Nigeria textile industry in a nutshell      CHAPTER THREE3.0       Methodology                                                                                                  133.1       Research design                                                                                              133.2       Population of the study3.3       Sample and sampling method 3.4       Data collection instruments3.5       Administration of data collection3.6       Techniques for data analysis3.7       Techniques for testing hypothesis3.8       Restatement of research question and hypothesis    CHAPTER FOUR4.0       Presentation and analysis of data4.1       Testing of hypothesis4.2       Decision CHAPTER FIVE     5.0       Summary, Conclusion, and Recommendations                                               215.1       Summary of findings                                                                                      215.2       Implications for marketing management, public and private buy domestic campaign                                                                                 21 -225.3       Recommendations                                                                                          22References                                                                                                      24  CHAPTER ONE 1.0       INTRODUCTION1.1       BACKGROUND OF THE STUDY   Made-in-Nigeria goods are those goods that are produced within Nigeria. Nigeria as a third-world country needs to produce its own goods so that it will help develop its economy in terms of growth and stability.The Nigerian government in 1988 took another bold step to encourage favorable attitudes towards made-in-Nigeria goods in a bid to actualize the enterprise promotion decree. The basis of the decree was to reduce foreign dominance on the economy, encourage local retention of profit, and create employment opportunities amidst other objectives. Since independence in 1960, a lot of changes have taken place in the country economically, politically, and socially which as a result, firms, small and large have gone down the drain. The cause of this was mainly due to a lack of good management and leadership in the country as well as a lack of vision and foresight. The country is plagued with large-scale under-capacity resource utilization, the power supply that cannot be used for any meaningful planning purpose, and a whole economy that cannot be forecasted.Marketing Implication of the above scenario will be an irregular supply of product, supply of lower quality product due to dividing income of consumer, fluctuating prices due to product shortage, the low reputation of manufactured goods, low motivation towards advertising, low marketing orientation, and a general consumer discontent with income made goods.However, with the democratization of the system and the call to the citizenry to look inward for sustainable growth through self-reliance, it is, therefore, hoped that Nigerians will develop a favorable attitude towards made in Nigeria goods.As our society undergoes rapid changes and becomes more affluent nearer social force make consumers spend a greater part of their income or salaries in ways remarkably different from what took place in the past. Consumers want the advantage of the affluent and the latest services that technology and business can offer.The force of this study is the Nigerian textile market. This industry was chosen firstly because most textile products have clearly displayed “made in” label, and secondly it is an industry where the imported product had long dominated, even causing local ones to carry foreign labels.1.2       JUSTIFICATION OF THE STUDYThe Nigerian economy has been characterized by declining capacity utilization in the real sector, the poor performance of major infrastructural facilities; large budget deflects, the rising level of unemployment, and inflation.Given the poor state of the economy, it is the desire of all Nigerians to have in place and functioning too, an economic policy which will:    Revive and grow Nigeria’s comatose economy    Significantly raise the standard of living of the people    Put Nigeria back to gain- full work and create new employment opportunities and to,    Reposition the economy to participate beneficially in the global economy1.3       STATEMENT OF THE PROBLEMMarketability of made in Nigeria textile material or product as a tool for economic growth in Nigeria depends largely on the attractiveness and attitude of Nigerians towards made in Nigeria textile product. This study is conducted to determine those variables that affect the Nigerians textile industry, the made in Nigeria textile itself in terms of quality and to determine the preference and taste and attitude of citizen towards these textile products. In view of this, the following highlighted problems are intended to be solved by this research works;    What are the problems inherent in marketing locally made textile products.    What is the degree of correlation between product quality and the desire to buy locally manufactured textiles?    Is there any prospect of marketing made-in-Nigeria textile?1.4       RESEARCH QUESTIONBased on the problem enumerated above, and acknowledgment of the existing socio-economic characteristic of the country, this research attempts to address the following research questions: -    How do consumers in Nigeria evaluate the various attributes of domestic textile products in relation to similar products of foreign origin?     What is the extent of consumer familiarity with made-in-Nigeria textile brands?1.5       HYPOTHESIS FORMATIONHypothesis is a declarative statement subject to inferential testing. It is a proposition or conduction which states what we are looking for or it is a conjectural statement of relationship between variable. The hypothesis will be stated in two ways:a.         The Alternative Hypothesis (Positive Hypothesis) which will be represented by Hi, andb.         The Null Hypothesis (Negative Hypothesis) which will be represented by Ho.Ho:      There is no positive and significant relationship between product quality and the desire to buy made in Nigeria textile.   Hi:       There is a positive and significant relationship between product quality and the desire to buy made in Nigeria textile.1.6       OBJECTIVE OF THE STUDYThe objective of this study is to investigate the marketability of made in Nigeria textiles.1.7       METHODOLOGY OF THE STUDYThe research will be conducted to examine the attitude of Nigerians towards made in Nigeria textile materials as an economic growth indicator in Nigeria. The source used for the study is based on the data collected through the two available sources which are primary and secondary data.Forty (40) questionnaires would be administered to respondents. The research will be conducted in selected areas in Osun State. The data collection would be: (a) Osun State Polytechnic (b) Selected textile and dressing salon around Osogbo, Ikirun and Iree area. The participant would be (i) undergraduate students (ii) Traders dealing in textile (iii) textile and dressing salon operators/customers (iv) textile manufacturers. There participant were chosen because I felt that they are in the best position to evaluate the product since they use, sell and also promote the product.Chi-square will be used to test the relevant hypothesis. Chi-square is a non-parameters measure that does not depend on population but deal with frequency count.Chi-square is defined by the formulae.X2       =          ∑ (0 – e)2                                e At 5% level of significance = 0.5Degree of freedom is give by the formulae = (r - 1) (c – 1)1.8            LIMITATION OF THE STUDYIn the course of justifying the research work, some constraints were encountered that further limit and slow down the research work. i.e. Time constraints, Transportation, Data collection procedure, scarcity of relevant textbooks, articles in relation to the study, financial constraints, and also, lack of co-operation on the part of the respondents towards the questionnaires. Despite these limitations, the research is still valid and capable of adding to knowledge.1.9            DEFINITION OF TERMSMarketing: - According to American Marketing Association (1960) defines marketing as the performance of business activities that direct the flow of gods and services from producers to consumers or users.Marketing: - This cannot the ability of a product to meet the taste preference of the consumer.Market Orientation: - According to Mc Namara (1972) defines it as a philosophy of business management, based upon a company-wide acceptance of the need for consumer orientation, profit orientation, and recognition of the important role of marketing in communication the needs of the market to all.Made- in- Nigerian goods: - These are those goods that are produced within Nigeria.Consumer Ethnocentrism: - This means when consume evaluate others cultures according to preconceptions originating in one’s own culture.

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THE ROLE OF ENTREPRENEURSHIP IN ECONOMIC GROWTH IN NIGERIA (A CASE STUDY OF MARKETABILITY OF MADE IN NIGERIA TEXTILE MATERIAL)


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