The Federal Government of Nigeria is aiming to revive the country’s textile and garment sector and make it number one in Africa and among the top ten textile sectors in the world, said Mr. Olusegun Aganga, the Minister of Trade and Investment.
The Federal Government of Nigeria is aiming to revive the country's textile and garment sector and make it number one in Africa and among the top ten #
Speaking at the stakeholders retreat on cotton, textile and garment (CTG) sub-sector of the Nigerian Industrial Revolution Plan (NIRP) in Abuja, he said the ministry is working with the stakeholders of textile and clothing sector to address the current problems faced by them.
The Federal Government of Nigeria is aiming to revive the country's textile and garment sector and make it number one in Africa and among the top ten #
According to him, the ministry is trying to achieve sustainable and inclusive economic growth and development in the textile and apparel sector through NIRP.
The Federal Government of Nigeria is aiming to revive the country's textile and garment sector and make it number one in Africa and among the top ten #
He said continued efforts will be made to revitalize the textile and clothing sector as it is a major source of income and employment in the country.
The Federal Government of Nigeria is aiming to revive the country's textile and garment sector and make it number one in Africa and among the top ten #
The Minister informed that according to the figures of the Manufactures Association of Nigeria, the capacity utilization of the textile and garment sector has increased significantly from 29.14 percent in 2010 to 49.70 percent in 2011.
The Federal Government of Nigeria is aiming to revive the country's textile and garment sector and make it number one in Africa and among the top ten #
The Nigerian textile and apparel sector should upgrade itself from being a raw material exporter to an exporter of clothing, he added.
The Federal Government of Nigeria is aiming to revive the country's textile and garment sector and make it number one in Africa and among the top ten #
He urged the Nigerian Government to increase the fund allocated to the textile industry from N100 billion to N500 billion for textile companies to boost their capacity utilization.
The Federal Government of Nigeria is aiming to revive the country's textile and garment sector and make it number one in Africa and among the top ten #
Minister of State for Trade and Investment, Mr. Samuel Ortom said the Nigerian Government aims to create 60,000 more jobs in textile sector and increase the share of the industry in the domestic market from the existing 12 percent to 25 percent by 2020.
The Federal Government of Nigeria is aiming to revive the country's textile and garment sector and make it number one in Africa and among the top ten #
Expressing concern over the current situation of the textile industry, he said currently the nation’s textile industry is struggling to sustain 24,000 employees working in 25 functional mills.
The Federal Government of Nigeria is aiming to revive the country's textile and garment sector and make it number one in Africa and among the top ten #
Fibre2fashion News Desk - India