The Nigerian Ministry of Trade and Investment has reaffirmed its pledge to expand and boost the textile sector in the country in view of its comparative advantage and immense potential.
Dr. Olusegun Aganga, Minister of Trade and Investment met Ms Madline Wong, Chairperson of Hong Kong's CHA Group, which is the parent firm of United Nigeria Textiles Plc (UNTL).
While updating Ms Wong regarding his Ministry's mandate, Dr. Aganga stressed that it is on the Government as well as the private sector to expand and promote the country's textile industry, depending upon the large scale supply of cotton.
He stated that the Federal Ministry of Agriculture was working to ensure availability of good quality cotton in the nation.
Dr. Aganga further shared that several textile industry stakeholders have made many complaints and his Ministry is actively working to resolve those problems, so as to generate a positive environment for the textile industry to flourish.
The Minister further said that the textile industry in the country is a leading employment generator and they are already in talks with Ministry of Power on industrial power and Ministry of Agriculture to ensure availability of good quality cotton.
The Minister said that textile industry in the country has an investor friendly atmosphere and he sought help of the CHA Group in the areas where they fall short. He called upon the Group to extend experience sharing support and other inputs to upgrade the local industry.
Fibre2fashion News Desk - India
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