Home / Knowledge / News / Textiles / CBN proposes to offer financial aid to textile industries
CBN proposes to offer financial aid to textile industries
27
Oct '15
The Central Bank of Nigeria (CBN) has proposed to provide financial assistance to textile industries in order to boost the economy of the country, according to Nigerian media reports.

CBN governor Godwin Emefiele recently held a meeting with garment and textile manufacturers in Abuja and offered to assist them in order to solve issues hampering production. He stressed that garment and textile manufacturing industries generate employment and contribute to the country's economy and hence must be given assistance to function optimally.

Emefiele especially stressed on helping small and medium scale manufacturers with accessing loans from banks to resume full production without having to worry about short tenure and suspension.

Alhaji Ismaila Isa Funtua, representative of the United Nigeria Textile Limited (UNTL) discussed about restructuring the loan from Bank of Industry and making cotton, the basic raw material for the textile and garment industry, easily available to manufacturers. (HO)

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 21st Feb 2017

Max Fashion targets revenue of Rs 5,000 cr by fiscal 2021

Apparel retailer Max Fashion is mulling to double its turnover to Rs...

Textiles | On 20th Feb 2017

UK textile & apparel exports up 7.05% in 2016: UKFT

The exports of apparel and textiles from the UK have increased by...

Textiles | On 20th Feb 2017

Himatsingka Seide incorporates subsidiary in Europe

Himatsingka Seide Ltd, one of the largest producers of home textiles...

Interviews View All

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search