Dwarfed giant: impact of trade and related policies on SMEs in the Nigerian textile industry

Pessu, Toritseju Rita and Agboma, Fredrick ORCID: 0000-0001-5876-778X (2018) Dwarfed giant: impact of trade and related policies on SMEs in the Nigerian textile industry. International Journal of Academic Research in Business and Social Sciences, 8 (6). pp. 602-629. ISSN 2222-6990

[img]
Preview
Text
Pessu, TR Agboma F Dwarfed Giant Impact of Trade.pdf - Published Version
Available under License Creative Commons Attribution.

Download (1MB) | Preview
Official URL: http://hrmars.com/index.php/papers/detail/IJARBSS/...

Abstract

This study examines the impact of trade-related policies on SMEs fabric manufacturers operating in the Nigerian textile industry. The Nigerian textile industry was the third largest in Africa and the second largest employer of labour after the government. However, from the 1990s, the industry started experiencing some challenges often linked to trade liberalisation policy under the World Trade Organisation (WTO). This placed SMEs textile fabric manufacturing firms under immense pressure to attain long-term sustainability as the productivity and competitiveness of the domestic industry were being threatened by foreign/external competitors from international markets. In identifying and addressing the issues posed by trade policies as part of achieving the research objective, a qualitative mode of inquiry with a case study approach was employed. Semi-structured In-depth interviews were conducted with the managers of three formally registered SMEs fabric manufacturing firms in Lagos State, Nigeria. The findings were interpreted using thematic analysis. The findings indicate that the challenges faced by SMEs in the Nigerian textile industry are linked to the lack of supportive and measurable policy and regulatory frameworks to accompany the implementation of liberal policy in the country. These findings point to the fact that in order to revive and boost the productivity and competitiveness of SMEs in the Nigerian textile industry, and to reap the full benefits of international trade policy on liberalised markets, the government has to engage in restructuring the business environment through the implementation of effective and stable macroeconomic, trade-related infrastructural and institutional policies.

Item Type: Article
Uncontrolled Keywords: SMEs, Trade liberalisation, Nigeria, Trade Policies, Textile industry
Divisions: Institute of Management
Depositing User: Tracey Gill
Date Deposited: 22 Oct 2019 07:48
Last Modified: 22 Oct 2019 07:48
Identification Number: 10.6007/IJARBSS/v8-i6/4260
URI: http://ubir.bolton.ac.uk/id/eprint/2572

Actions (login required)

Edit Item Edit Item

Downloads

Downloads per month over past year

View more statistics

>