Government Regulation and Survival of Local Industries: A Study of Selected Breweries in Rivers State

Abstract

The objective of this study is to determine the relationship between government regulation and survival of selected local industries in Rivers State. Cross sectional survey of the quasi experimental design was adopted while the hypotheses formulated were tested with spearman rank order correlation co-efficient. Senior and middle managers from five local industries in Rivers State were administered questionnaire to. It was revealed that monetary policy, fiscal policy and tariff have a significant relationship between survival of local industries. The study recommended therefore that priorities should not be changed frequently so as to enable local industries conform rightly with stipulated regulation.