CHAPTER ONE
INTRODUCTION
BACKGROUND OF THE STUDY
Oredo local government area is one of the eighteen (18) local government areas of Edo state with headquarter in Benin City. Oredo Local Government Area is an urban centre.
Majority of the labour force in the local government engage in industries or business. These industries are facing some developmental problems.
Industrialization is the key to economic development in any country. For any country to attain any level of development, industrialization is put into consideration.
According to Iyoha (1989), in his own view said that “it is becoming increasingly accepted that industrialization is an effective means of bringing about rapid economic development in developing countries
The benefits derived from the various industries cannot be over emphasis, it is the pride of a nation to develop more industries in order to achieve maximum progress technologically.
The total dependence of foreign goods produced by foreign industries are detrimental to the incurred in the process and the whole economy would be experiencing societal backwardness.
Over the years Oredo local government area has been experiencing little or no progress industrially. It has not always favored. The development and progress of existing industries. But we may say that the reason might be politically inclined. Moreover, there is total dependence on subsistence farming by the populace who only produce for agricultural goods and neglect the industrial sector had been very much problematic.
Recently, both individuals, private and state are laboring immensely to develop industrial based I the local government. Also knowing the benefits the nation derived from industrialization has decided to increase its annual budget to the industrial sector in order to increase its progress.
However, Oredo local government of Edo state is blessed with natural resources which are the bedrock to industrialization. These natural resources most of which are not exploited. The raw materials imply the utilization of these raw materials and the employment of people of the local government Area which in turn will lead to industrial development with its attendant benefits.