Theory question 109
IndustrialisationSection B: answer four questions only from this section.
How can West African countries promote indigenous industries?
Show the model answer
Model answer
Protect them with tariffs, quotas and import bans
Grant tax holidays and other incentives
Provide cheap credit through development banks
Provide infrastructure: power, water, roads, industrial estates
Train manpower and support research and technology
Indigenisation policies and patronage of local products ('buy local' campaigns)
Government partnership/joint ventures with local entrepreneurs
Encourage regional markets through ECOWAS
Provide raw materials and stable economic policies
Subsidies on inputs and export incentives
Explanation
Explain at least five measures.