about 60% of the general spread. Others are found in Ogun state, Ibadan in Oyo state, Kaduna, Abia, Enugu, and Kwara state to mention a few (Oyebanji, 1983; Olawepo, 2004).
Following shortly after Nigeria’s Independence in the 1960’s and 1970’s, some industries were established in different parts of Kwara state. Some of these early industries include: Tate and Lyle industries, Phillip Morris industries, Bacita sugar industries, Union steel industries, Oro bicycle industries, and Ajasse-ipo Plastic Industries. The establishment of these industries were met with various problems. Successive governments have been trying to encourage industrial development by giving incentives for effective participation.
Despite all the above-mentioned efforts aimed at encouraging the development of these industries, many of them have, since then, collapsed. Following the collapse of these industries, no possible answers have been put forward as the causes of their collapse. Industrial failure should be noted, though, as it often appears to be sudden and without warning signals which, of course, are often ignored, is usually followed by serious repercussions especially on the economy of the host environment.
The concept, “industry”, is closely associated with the industrial revolution of the 1700 and early 1800 in Western Europe, especially Britain. This generated an enormous increase in production due to improved technology, thus removing manufacturing from homes into various workshops.
According to Hamilton and Linger (1979), in many languages, the equivalent word for industry is used, in clear terms, to connote factory activity in which raw materials are processed by mechanical or chemical means into products that are tangible. According to Smith (1971), the location pattern of any industry is the product of a large number of individual decisions. These locational factors range from capital, (finance, equipments, and, materials), power, labor and management, market and price, transportation and freight rates agglomeration, linkage and external economies, public policy, planning and the state, to organization, behavior, and change. Smith (1971) further asserts that the factors considered in industrial location do not remain constant, nor does their relative desirability. An initially good location does not remain so, as changes are bound to occur overtime. When these changes occur, industries may be affected negatively, thereby experiencing shortfalls, which may eventually lead to shutting down.