(3.144.48.3)
Users online: 16471     
Ijournet
Email id
 

Year : 2022, Volume : 14, Issue : 1
First page : ( 1) Last page : ( 12)
Print ISSN : 0974-0988. Published online : 2022  21.

Operational Review to Poverty Reduction in Kogi State, Nigeria: Cottage Industries as the Panacea

Ikemefuna Madu1, Dr. Ishola Karimu2, Abel Otajele Abune3

1Department of Business Administration, Federal University, Gashua, Yobe State, Nigeria

2Department of Business Administration, Federal University, Gashua, Yobe State, Nigeria

3Department of Business Administration, Kogi State University, Anyigba

Online Published on 21 February, 2023.

Abstract

Cottage businesses if properly managed are catalyst for industrial and economic growth of any Nation. Objectively, the study specific objective sought to X-ray the relationship between economic security and the promotion of cottage industries in kogi state with its hypothesis which states that relationship does not exist between economic security and the promotion of cottage industries in kogi state. The mean scores have its positive tilt above the average of 3.5 as a basis. This by implication means that very strong correlation exists between economic security and cottage industries. The study concludes that Cottage industries can be harnessed and upgraded to help contribute enormously to rural livelihood and also reduce poverty. Therefore, neglecting the traditional technology-based rural enterprises (cottage industries) or allowing them to go extinct because of the encroachment of modern technology, is a clear threat to rural linkages and ultimately to rural development. Finally, the study recommends that cottage industries should embrace diversification strategy to enable more employment in a diverse economy and that Cottage businesses if properly managed will serve as catalyst for industrial and economic growth of any Nation as most successful multinational companies and host of other started as a cottage firm in their home countries.

Top

Keywords

Cottage businesses, Economic security, Industrial and economic growth.

Top

 
║ Site map ║ Privacy Policy ║ Copyright ║ Terms & Conditions ║ Page Rank Tool
748,703,431 visitor(s) since 30th May, 2005.
All rights reserved. Site designed and maintained by DIVA ENTERPRISES PVT. LTD..
Note: Please use Internet Explorer (6.0 or above). Some functionalities may not work in other browsers.