How can West African countries promote indigenous industries?
Explanation
West African countries can promote indigenous industries by:
(I) Greater reliance on domestic raw materials.
(ii) Research and application of research results.
(iii) Making capital easily available for indigenous industrial promoters.
(iv) More development of entrepreneurial and managerial skills.
(v) Political stability / policy stability.
(vi) Better work attitudes.
(vii) Development and expansion of market for locally made products .
(viii) Higher level of productivity that will lead to higher level of savings and greater capital formation
(ix) Greatly improved social and economic infrastructure
(x) An enabling environment: A legal, social and cultural environment that not only enables but also motivates indigenous industries must be in place.