User talk:JAGBETI

Dear Jagbeti
You wrote your article about cottage industries on a page that already belonged to another article.WQUlrich (talk) 22:15, 29 June 2013 (UTC)
 * Here's your text, if you wish to use it to create a new article.

ed in Nigeria since the country’s independence in 1960, probably before independence but since independence Nigeria has had series of seminars, studies and workshops, each of which appraise the excellence, importance and need to facilitate the establishment and sustainability of Small scale businesses. In many other countries SMEs forms an important part of the business landscape, but they are faced with significant challenges and obstacles that compromise their efficient ability to function and to give or contribute to the Nigerian economy. The Corporate Affairs Commission in Abuja estimates that 90 percent of all Nigerian businesses in 2001 employed less than fifty people. Similarly, a study that was conducted by the International Finance Corporation about the same period estimated that 96 percent of all business in Nigeria are SMEs, compared to 53 percent in the USA and 65 percent in the EU. The SMEs in these two parts of the world accounts for 50 percent of their respective country‟s GDP. This clearly shows that given necessary support, SMEs could become an important play maker in the development processes of the Nigerian economy; it has proved to be one of the most viable sectors with economic growth potential. Significantly the role of the small and medium scale enterprises in Nigeria shows that they have been identified as the source through which several problems have been approached and solved e.g. job creation, poverty alleviation and industrialization growth. SME in Nigeria has gradually and steadily become an important topic in the recent years, apart from the numerous goods produced by SMEs; they provide a veritable large scale employment because they are labor intensive, they also provide training grounds for entrepreneurs, mainly because they rely more on the use of home-made materials.

Justification. Historical facts show that prior to the late 19th century, cottage industries, mostly small and medium scale businesses controlled the economy of Europe. The industrial revolution changed the status quo and introduced mass production. The twin oil shocks during the 1970s undermined the mass production model, which triggered an unexpected reappraisal of the role and importance of small and medium sized enterprises in the global economy. Findings by economists over the years show that small firms and entrepreneurships play a much more important role in economic growth and development of all nations.

Motives for establishing a small and medium enterprise within the small scale industrial sector which are based on the following factors:

It is assumed by the Nigerian industrial sector that the large scale industry has not been an engine of growth, provider of employment, tax policies, finance, general trade and direct subsidy. So based on these prepositions that SMEs are more effi- cient, responsible and viable; mentioned below are the few qualities and motives for establishing an SME;

1. SMES mobilizes funds that which would have been idle if not put to use; 2. SMES has been recognized as the bedrock for indigenous entrepreneurship; 3. SMES promotes indigenous technological know-how; 4. They are labor intensive and they employ more labor per unit of capital than large                              enterprises; 5. They adapt easily to customers‟ needs and requirements; 6. They cater for the need of the poor; 7. They are capable of competition but behind protective barriers, which though makes them have less foreign exchange requirements; 8. They are more flexible in their dealings and operations; 9. They improve the efficiency of scarce resources; 10. SMEs facilitate long term growth and economic development; 11. SMEs have a reasonable potential to acquire technological capabilities and to develop new products and processes, and can also contribute to national tech- nological development and competitiveness. 12. They can often adapt to changing demand patterns, trade patterns and macro- economic conditions. This increases industrial flexibility. 13. SME provides a setting which assets and skills can be accumulated, it can lead to a better economic benefit for those who acquire the skills, and for the house- hold they seek to support.

Importance of SMEs.

Giving insight into the SME phenomenon, a paper delivered at a forum by Mallam Mohammed HayatuDeen, titled "Stakeholders Roles and the Development Benefits in a Virile Small Enterprise Sector", pointed out that small business operations are propelled by the dynamic theory, which makes them efficient and prone to constant change. He gave a comparative statistic using of (9) nine developed countries.

Challenges faced by SME s in Nigeria.

The challenges facing SME's in many developing countries are monumental. The most worrying among these challenges is funding. Most new small business enterprises are not very attractive prospects for banks, as they want to minimize their risk profile. In Nigeria, the situation is not very different, until recently when the Banker's Committee intervened in 2001 with a scheme themed the Small and Medium Industries Equity Investment Scheme (SMIEIS). The scheme relegated to the background government credit schemes that are not well thought-out and implemented.

The SMIEIS Scheme and the Commercial Banks Involvements.

The Banker's Committee is a body constituted by representatives of banks in Nigeria. The scheme was approved at their 246th meeting on December 21, 1999. According to them, this was a response to President Obasanjo's concern and policy measures for the promotion of small and medium industries (SMI) as a vehicle for rapid industrialization, sustainable Economic Development, Poverty Alleviation and Employment Generation. The scheme requires all banks in Nigeria to set aside 10% of their profit before tax (PBT) for equity investment in small and medium scale industries.

The scheme commenced on June 19th 2001.

The scheme aims among other things to assist the establishment of new, viable SMI projects, thereby stimulating economic growth, development of local technology, promote indigenous entrepreneurship and generate employment. The funds will be available for projects in the real sector of the economy which include: agro-allied, information technology and telecommunication, manufacturing, educational establishments, services (directly related to production in the real sector or to enhance production), tourism and leisure, solid minerals, construction, and any other activity as may be determined from time to time by the Bankers Committee.

d. It is therefore vital that that your Banks will seizes these great opportunity that the Association is Partnering with your Organisation in creating and launch a programme aimed at restoring Nigeria’s glory through the Use of Cottage Industrialists. This project proposes that your Bank due to this strategic positioning that the Association want to use your Bank as the Partner in the Area of managing of their Fund, Loan, Investment through the Members, Bank of Industry, and Investors, and these will be the best practice for the revitalization of Nigeria-Made-Products and values not only as a nation but also as the giant of Africa. Operational Definition of the Term Cottage Industry’s Business Cottage Industry’s Business, cottage Industries Entrepreneurship are used interchangeably to man a Cottage Industry’s Business firm. Its deliberation was to refer to the operational definition. In Nigeria and worldwide, there seems to be no specific definition of small business. Different authors, scholars, and schools have different ideas as to the differences in capital outlay, number of employees, sales turnover, fixed capital investment, available plant and machinery, market share and the level of development, these features equally vary from one country to the other. 1.In Nigeria, the Third National Development plan defined a small scale business as a manufacturing establishment employing less than ten people, or whose investment in machinery and equipment does not exceed six hundred thousand naira. 2.The Central Bank of Nigeria in its credit guidelines, classified small scale business as these businesses with an annual income/asset of less half a million naira’s(N500, 000). 3.The Federal Government Small Scale Industry Development Plan of 1980defined a small scale business in Nigeria as any manufacturing process or service industry, with a capital not exceeding N150, 000 in manufacturing and equipment alone. 4.The small scale industries association of Nigeria (1973) defined small scale business as those having investment (i.e. capital, land building and equipment of up to N60, 000 pre-SAP Value) and employing not more than fifty persons. 5.The Federal Ministry of Industries defined it as those enterprises that cost not more than N500, 000 (pre-SAP Value) including working capital to set up. 6.The Centre for Management Development (CMD) definition of small industry in the policy proposal submitted to the federal government in 1982 defined small scale industry as, “a manufacturing processing, or servicing industry involved in a factory of production type of operation, employing up to 50 full-time workers. Lastly, in the United States, the small business administration defines a small business as one that is independently owned and operated is not dominant in its field, and meets employment or sales standard develop by the agency. For most industries these standards are as follows. This also shows the same trend as in Nigeria, although the exchange value makes the financial criteria to be different. Corpus Christi, Texas November 1-3, 20065 (a)Manufacturing: - Number of employees range up to 1500, depending on the industry.(b)Retailing: - Small if annual sales or receipts are not over 2 million to 7.5milliondollars.(c)Wholesaling:- Small if yearly sales are not over 9.5 to 22 million dollars(d)Services: - Annual receipts not exceeding 2 million to 8 million dollars. Thus in general, the specific characteristics/criteria used in describing small scale business are;(i)The number of people/persons employed. It is usually a small business, because small number of people are employed.(ii)Annual Business Turnover: - Because initial capital is low, then annual turnover will also be low.(iii)Local operations: - For most small firms, the area of operation is local. The employees live in the community in which the business is located.(iv)The sales volume is minimal.(v)Financial strength is relatively minimal.(vi)Managers are independent, and they are responsible only to themselves.(vii)The managers are also the owners.(viii)The owners of the business actually participate in all aspects of the management (i.e. the management of the enterprise is personalized)(ix)They have relatively small market when compared to their industries.(x)The amount of employees is relatively small when compared to the biggest companies in a similar venture.(xi)The capital is mainly supplied by an individual or small group of individuals/persons or shareholders.(xii)They usually have one, but many have several shop locations all in the same city or metropolitan areas. There are many enterprises in Nigeria categorized as small business. Most of them are in the commercial sector and there is also a trend now towards the service industry hotels, restaurants, fast foods, etc.

Marketing Problems of Small Business Enterprises One of the major marketing problems facing small business enterprises in Nigeria is lack of understanding and the application of marketing concept. In a study conducted by Ogwo(1991), this was conspicuously exposed. Most Nigerian small business owners equate‘ marketing’ to ‘selling’ and this is reflected in their various dysfunctional business behaviour against customer satisfaction and good business orientation. They lack the knowledge and skills of basic marketing ingredients – marketing research, market segmentation and marketing planning and control. The outcome of this is poor quality products, unawareness of competition, poor promotion, poor distribution, and poor pricing methods. They are not marketing oriented and market-focused if a marketer is defined as someone who understands and applies marketing in order to create, build, and maintain beneficial relationships with target markets. Baker (1979) and Doyle (1985) identify lack of marketing orientation as the major factor for business failure Most Nigerian small manufacturer, in a higher degree, depends on imported equipment and raw materials for their operations. With the over-devaluation of naira, vis-à-vis other foreign currencies, they are not finding it easier to secure these items abroad. They therefore resort to Corpus Christi, Texas November 1-3, 20066 poor locally produced alternatives. The result is usually poor quality products. This may be one of the factors responsible for Nigerian consumers’ unquenching appetite for imported goods, even though many of these foreign goods are equally of poor quality especially those coming from Asian and Far East countries. Porter (1980) point out that high quality raw material are important to producing high quality product. With the increasing demand for imported goods in Nigeria, dubious local and foreign importers are dumping fake products which go further to frustrate small scale manufacturers and seriously affect our hard earned foreign exchange. Besides, small-scale producers lack good quality control in their operations. In this respect, they rely mainly on replacing faulty products instead of developing good quality control system (Onwuchuruba 2001)Only very few Nigerian small manufacturers are aware of the nature of competition facing them. They estimate their success only through sales revenue without considering also their market share. Even, some do not know their market segments on which to focus their operations. Piercy (182) has emphasized the importance of good stockholding, transport, and distribution for enhancing commercial success. Many of our small manufacturers do not have properly defined criteria for appointing their product distributors. They rely mainly on trust created through relationships between the owners of the companies and the distributors. These relationships are in form of fathers and mothers, brother and sisters, friends and in-laws etc. This relationship often ends up in running the business down. High costs of vehicles and poor roads are also affecting the operations of small manufacturers in their efforts to move finished products down to consumers in both rural and urban areas. They have a complex channel of distribution with many layers which go to push the prices of their products higher. Besides, small manufacturers pay little attention to the promotion of their products. Advertising and other methods of promotion are not adequately used. There is no other way of creating awareness of their innovations and stimulating consumers to action than promotion. Even, many of them do not participate in trade fairs and exhibitions. This also inhibits their growth and ability to compete with larger companies. In a developing country like ours with low income and high level of poverty, a company that wants to succeed should offer its product at the price the consumers can bear. But often, small manufacturers set prices of their products arbitrarily without regard to this peculiar consumer characteristic in our environment. Since they do not have clearly defined criteria upon which to base their prices, they always seek to maximize profits at short runs without having a long-term view of their businesses. Farah (1980) cautions the United States car firms on setting high prices if they wish to succeed in markets around less developed countries due to low income and high level of poverty in the areas.

The Nigerian Government Participation in Small Scale Industries That there is a kind o relationship between business and government is never a dispute, the issue has always been degree of affairs, co-operation, flirting and co-operative marriage, that existing between the two society’s sub-systems. In Nigeria, it is imperative for business operators to understand that manner of relationship. This is because the type of relationship that exists between the government and business goes a long way to determine the existence, Corpus Christi, Texas November 1-3, 20067 Schedule III allows a maximum of foreign participation to the tune of 60% and minimum of Nigerian indigenous participation of 40%. The peculiarities of business are that the technology requirement and skill are almost lacking in Nigeria. The objective is to integrate Nigerians Business into the mainstream of business activities despite the apparent differences in technical and technological requirements, e.g. manufacturer of engine and turbine, computing machineries, manufacture of auto parts/vehicles manufacture of aircraft, oil servicing, ocean transportation etc the principal body charged with the responsibility of implementing this act is the Nigerian enterprises promotion board. In all the enterprises, a promotion act as it is, does not intend to expunge foreign participation in Nigeria business as sometimes misinterpreted, it is packed to encourage and reserve for Nigerians, investments and business in those areas within the competence of indigenous expertise as well as stimulate Nigerian and foreign investors to work together in mutual trust thereby facilitating local acquisition of skills. The enterprises promotion decree has those unique benefits of:(i)The encouragement of Nigerian indigenous participation in business through appropriate delineation of those areas that are exclusively reserved for Nigeriansal one.(ii)It makes it possible for Nigerians business to enjoy adequate control especially from foreign incursions in expertise and skills are plentiful.(iii)It leads to a beneficially dilution of business ownership through joint participation of foreign and indigenous investors.(iv)It encourages local acquisition of hitherto non-existent skills among business. The approach is straight forward, it encourages co-operative approach where the skills are almost non-existent and(v)Lastly, it promotes the development and growth of business in Nigeria, as most investors talk advantage of the decree to re-launch their investments or business packages.

B. Provision of Infrastructural Facilities Divided (1985) argues that the infrastructural facilities created by government helps the growth of small scale business by facilitating the accusation of required inputs, these facilities are the essential infrastructures that assist and promote investment. Some of them are;-Provision of access roads;-Increased improvement in communication facilities like telephone, postal services, NITEL, etc;-Provision and expansion of electricity;-Water expansion schemes to service industrial of business sites.-Construction of industrial layouts/estates;-Establishment and maintenance of an Export Processing Zone(EPZ)-The provision of all these facilities help the small scale business to expand through quick movement of goods and services, expansion of markets for products and lead to a relatively cheaper investment cost. Corpus Christi, Texas November 1-3, 200612

C. Provision and Constant Manpower Development Support With the establishment of various institutions, especially the universities and polytechnic, the government directly help in the provision of skilled manpower at every level of management for the economy and small scale business. Apart from the tertiary institutions, government also established and finances some specific manpower development and training institutions. Some of them are the Centre for Management and Development (CMD), the Administrative Staff College of Nigeria (ASCON) and the Industrial Training Fund. The products of these Institutions are extensively utilized by businesses. The hitherto problem of technical and management manpower requirement are drastically reduced.

D. Establishment and Finance of Research Institutions The government has assisted small scale business through the provision of some helpful research institutions. The research reports of these institutes are very useful to business organizations, not only in their product choice decision, but also in product development approach, product or service delivery strategies, thereby increasing business efficiency and effectiveness. The activities of Raw Materials and Research Development Council (RMRDC) are worth of note. This council through it affiliated institute conduct research into cheap sources and of alternative raw materials for various businesses. Its role has been so tremendous as small businesses take advantage of some discoveries in the research report to boost and expand their operations, other research institutes include the Nigeria Industrial Opportunities Centre and the Investment Information and Promotion Centre. E. Provision of Direct Financial Assistance to Small Business Organisation The Nigerian Government often gives direct financial assistance to business organization, some of the specific ways by which government gives financial assistance to small businesses are:-The establishment of specific financial institutions to serve a given or determined business factor e.g. People Bank, Nigeria Agricultural and Cooperative Bank for Commerce and Industry.-Direct financial assistance or loans to some business through a package of subsidized or discounted loan portfolio e.g. NEBFUND Scheme, Small Scale Industrial Credit Scheme (SSICS).-The creation and sustenance of many development and finance institutions for the purpose of providing long term funding on a generous or beneficial condition to business enterprises at Nigerian Industrial Development Bank, New Nigerian Development Company Limited, Peoples Bank of Nigeria Limited and the Northern Investment Limited. The National Directorate of Employment (NDE) as a Guide towards Enhancing Small Scale Industries in Nigeria The National Directorate of Employment was set up by the Federal Government in November 1986, to work out strategies for dealing with the mass unemployment in the country, especially among school leavers and university, polytechnic and college graduates. Corpus Christi, Texas November 1-3, 200613 The NDE has articulated a number of programmes to give effect to government objectives of generating employment. The programmes can be broadly categorized as follows:(a)Small Scale Industries and graduate employment programme.(b)National Youth Employment and Vocational Skill Development Programme.(c)Special public work (d)Agricultural programme The main thrust of the NDE’s programme is to assist applicants in setting up their own businesses in agriculture, small scale industries, etc and to enable them employ additional hands in their establishments, thus helping to reduce the level of unemployment. These programmes are backed up by necessary administrative, monitoring and support personnel, thus enabling optimum use of resources and prompt response to the requirements of the public. Small Scale Industry – Its Role in the Economic Development in Nigeria Small scale industries have a lot of important contributions to make to the economic development of the country. Shokan, O. O. (1997) writes some of them as follows:  The provision of employment, innovation and areas marketing for goods and services which are offered for sales. A lot of youths, retired workers and out of school graduates are now gainfully employed, thereby reducing the unemployment rate and its attendant’s social complication of armed robbery and white collar crimes. It helps to bring about new goods and services and supply the needs of large industries, who have to rely on the small scale operators for business success.  The represent the overwhelming majority of industrial capacity in developing countries. A fact confirmed by Olabisi Ajayi (1977), Ayozie, Daniel O, et al (1997)and Akinseye, C. A. (1997) where it was postulated that presenting small scale business in Nigeria constitute over 80 percent of all registered companies, occupying positions in agro based and allied industries, rubber based, leather shoes industries, chemical, electronics, general merchandising, restaurants, dress making, hair dressmaking, cane-chairs, leather products, pomade and toiletries, animal feeds and husbandry, printing, etc. They promote the development of indigenous manpower as well as increasing local participation in the manufacturing sector. Small scale business checks the effect of polarization by a planned and systematic development of rural areas. The much talked about urban migration is reduced by the introduction of small scale industries in rural area.  The activities of small business firms have resulted in the mobilization of there sources of the environment and thereby improving on the standard of living of the population. Corpus Christi, Texas November 1-3, 200614

They contribute to the labour market by absorbing an ever growing supply. In doing this, they have sufficiently helped to curtail the rising unemployment in Nigeria. They have accounted for a large percentage of all businesses and a favourable percentage of the nations is gross national product. This fact is more relevant in the developed countries of Great Britain and United Kingdom where proper accounting system is kept. Other noticeable impacts are its contribution to the development of indigenous entrepreneurship. Mention is being made of the Dantatas, Fajemirokuns, Igbinedions, EkeneDiliChukwus, Lodibes, Dankabos and the Amazus. Its contribution to the mobilization of domestic savings and utilization of local resources is also a noticeable factor. They serve as good agents for disposal of industrial products and some services and have contributed immensely to the production of raw materials in the form of semi-processed goods for use by bigger industries. It is a base for the development of appropriate technology and provides a veritable ground for skilled, unskilled and semi-skilled workers. It has provided productive self-employment to an umber of educated and less educated young men and women coming out of schools, colleges, polytechnic, and universities. Ayozie (2001) specifically mentioned the role in the accelerated industrial development by enlarging the supply of entrepreneurs and the enlarging of small and medium enterprise sector, which offers better potential for employment generation and wider dispersal of industrial ownership. It has assorted in improving the performance of small industries by enlarging the supply of carefully selected and trained well rounded entrepreneurs and diversifying sources of entrepreneurship and business ownership. Marshall (1970), Cole (1959), Cantilon and Schmpter (1934), enumerated that the entrepreneurviz a viz the small scale business person is the most critical factors in the economic development of any Natlon. Entrepreneur organizes, and utilizes the various factors of production and finally sets productive machinery in action towards overall economic development; consequently, the availability of the small scale industry is therefore the undisputed precondition for economic growth. Schumpeter 91934) noted that the supply of entrepreneurs depends on the rate profit at the social climate seeking out activities and opportunities which will give him profit or reward, induces the entrepreneur to be innovative and to take on purposeful calculated risks.

Profile of the Association of Cottage Industrialists of Nigeria.

The Association was established for Cottage Industrialists that specialize on Soap, Cosmetics, Textile Design (Adire), Agro-Allied, Paint Production, Beverages, Quail Farmers, snail Farmers, Grass-cutter Farmers, Food & Cash Crop Storage and Printing Technology (screen printing), throughout the Nation, the Association has its members at all the grass-root for Economic development with the aims to move this continent from predominantly a Civil Service Economy to an Intermediate Industrial Economy and make this Country a trial-blazer in the area of Made in Nigeria Products.

Association of Cottage Industrialists of Nigeria was incorporated by a Board of Trustee, highly experienced professionals who have, over the year, distinguished themselves as ardent believers in perfect service and excellent quality. Their vision was borne our of the desire to provide high quality service to user of such services, that is why we are members of the Franchise of US, & UK.

OUR MISSION ACIN is the coming together of all the SMEs in Nigeria to achieve a common goals. ACIN believes in improving on Nigeria Made Products through the use of the following Scheme:- Industrial Technology Development Training and Seminar, Establishment of Loan Scheme for all the Financial Members, ACIN International Concept Programme. OUR VISION The vision of this Association is to preach and solicit for any support to improve and Promote Made in Nigeria Products, for home Consumption and Export. To improve the capability of Members of Cottage Industries for the purpose of achieving sustainable Development and profitable production without threat to lives and properties with efficiency. AIMS AND OBJECTIVES. 1. 	The Association has created a socio-industrial economic system that will promote Nigeria Made Products with aims of improving the Economy. 2. 	To modernise Cottage Industries and transform the rural lives 3. 	To serve as innovator and pace setter in production practices. 4. 	To Curb the Economic Monopolies in our society. 5. 	To serve as training ground for democracy and development. 6. 	To improve the competitive position of small-scale producers. 7. 	To build an Industrial Market in each Area and organise an International Marketing Plan as outlet for members. 8. 	To assist in Exportation of members products in between the ECOWAS and rest of African Countries through the Association International Concept Programme. 9.	To corporate with Federal, State and Local Government in all areas in generating revenue to the Government and the Association. 10.	To look into the challenges that are associated with the Members industries and product also proffer solutions. 11.	To enable the members work towards the progress of the Association. MANAGEMENT ACIN boasts of highly skilled, experienced and courteous staffs who over the years have carved a niche for themselves as being highly responsive and committed to customers’ needs. Our staffs are fully prepared to ensure high quality customer delivery services. At your service as a Board of Trustees who have excelled in their previous endeavors:

PASTOR OLUWASEGUN  A.  ATERE. HON. COM IBRAHIM I. A. BOLOMOPE. PROFESS AYOBAMI AKINWALE. AARE ISEEC OLANIPEKUN. ALHAJI MUNIRU OLADAYO. OLUSOLA DARE  Eqs

STRUCTURE

Presently the association is represented in every State of the Federation but we need more Franchise Members to immerge from each Local Government for the Development of these Association. The Association is intending to train 160,000 People nationwide in various fields of endeavors. In which after the training each participants will become an Automatic Franchise Member of the Association with Payment of N10,000 only into the Association Account with our bank, Franchise Members will be privileged to a soft Loan of (N200,000:00) Two Hundred Thousands Naira (Machine and Chemical worth of N150,000., and Cash of  N50,000 for expand their projects). Other opportunity to benefit as a Franchiser of this association includes distributors from the Association of Cottage Industrialist of Nigeria (ACIN) Independent Marketing Programme. The availability of Chemicals/Machine for sale at all locality of operation by ACIN to members, all members will be given professional assistant at the commencement of their production at the First, Second and Third stage. The Trade Mark and NAFDAC number of the Association will be in used by members for joint exportation, Marketing of their product to other African countries.

ORGANS OF THE ASSOCIATION.

A. 	Directorate of Industrial Research and Development (DIRD). B. 	Directorate of Chemical, Machine and Training Development. (DCMTD) C. 	Directorate of Counseling and Social Welfare (DCSW). D. 	Directorate of Building and Construction Development (DBCD). E. 	Directorate Of Commerce and Industrial Development (DCID). F. 	Directorate Of Communication Documentation and Award (DCDA)

PROJECT AIMS AND OBJECTIVES. a	To awaken and sensitize the Federal Government Administrators to the importance of empowering and Exploring Cottage Industries as a spring Board for Economic Development b.	To identify and highlight the challenges of Cottage Industries empowering with a view of proffering solutions. c.	To critically x-ray issues of Economic Development at the grass root with Cottage Industries as the focal point and emphasis on problems, Structures, Factors, and Case studies of other Development Countries Economy. d.	To provide a platform for interactive session between Professionals, Administrators, politicians, Bankers, Technocrats and map out strategies on placing Cottage Industries at the cock pit of the Economic Development of the country. e.	To strengthen the political will power of the Federal & State Government to adopt an implement this important Economic Development Strategy Programme. f.	To build an Industrial Trade Centre in each State and show case the ACIN Franchises show and Industrial Trade shows outlet for members. g.	The Association has created a Socio-industrial economic system that will promote locally made products with aims to improve the economy h.	To modernize Cottage industries and transform the rural lives i.	To serve as innovators and Pace setter in production practices j.	To curb the economic monopolies in our society. k.	To assist members with loan of FREE interest with the support from affiliated Banks l.	To reduce unemployment in our society’s with this programme SOURCES OF FUND. Membership Fee, Members Annual Subscriptions. Training Programme. Investment form Investors, sales of stationeries, Dona’s from Awardees, Government Support and their Investment for the Loan etc. INSURED BY. The Loan and Members are Insured by Mutual Benefit Assurance Ltd, and we are still looking for more insurance company. MEMBERS CONDITION OF PAYING BACK OF THE LOAN. The Loan will be give to all the financial members the has fully Resisted, Paid his Annual Subscription, Minimum saving, Open an Account with our Banker, attend Meetings regularly for Three month, he will be give N200,000 two hundred thousand naira Loan with out Interest for Twelve month with three month grace periods. And if He\She falls to Paid back instrumentally every meeting at the Districts level for Three meetings the association will retrieve all the Materials being give to another Person as loan, and he\she will forfeit his membership. THE PROJECT. 1.	In the Project of this Association we plan to Train the General public in different skills e.g. Soaps, Cosmetics, Adire Making, House Paint Production, Juice, Beverage Production, Quail Farming, Snail Farming, Fish Farming, Muringer Tree Cultivation.

2.	To make them a Franchise Members of this Association.

3.		To assist each Financial Member with N200,000:00 Loan worth of Accessories/Machine and chemical without Interest, from ACIN Development Initiative Fund thought the Affiliated Bank.

4.	Organizing of Industrial Trade Show in each State quarterly for Member as outlet for them.

5.	Building of Industrial Trade Centre as Outlet for marketing there products, and the trade centre will be open for Fourteen days every month.

6.	Assist in Exporting the Member’s product to other African countries through the ACIN Independent Concept Ltd.

7.	Assist members with ACIN Trade Mark and NAFDAC approval through the laboratory Seakat Industrial & Science Laboratory and Assist with the Evaluation and Analysis of their product. WQUlrich (talk) 22:17, 29 June 2013 (UTC)