Challenges of Trade and Industrial Policy on the Ceramic Cottage Industry in Nigeria

The paper revolves around the efficacy of national trading policy to regulate the trade process, which will accelerate industrial growth and impose duties on imports to protect the domestic industry against foreign competition. The goals of many policies designed to boost exports and reduce the trade deficit in Nigeria have been subjugated due to the government’s failure to implement the constituted regulations that guide international trade, market networks, and globalization perspectives. These aforementioned problems often stymie the manufacturing rate and the development of cottage industries, which could be the basis for a successful operation of other industries in the country. Therefore, the paper explores the effects of all policies embraced in trade and industrial production in Nigeria, explicates their influences on ceramic cottage industries, and discusses the pitfalls as a guide for future operations. Data on the rates of Change in economics and industrial production were utilized for this study; these data were analyzed using an explanatory approach. The findings revealed, among others, the crucial factors militating against the positive outputs of ceramic industries and how ceramic industries will solve the unemployment issue. As such, the conception of industrial policy by the Nigerian government, both in content and application, should be rightly conceived and geared towards small-scale industries by providing loans, subsidies and incentives to ceramists in order to boost the nation’s economy.