Home / Knowledge / News / Textiles / Nigerian govt signs MoU with Germany, Pakistan on cotton
Nigerian govt signs MoU with Germany, Pakistan on cotton
25
Aug '14
Mr. Olayemi/c: Arewa
Mr. Olayemi/c: Arewa
The Government of Nigeria has signed a Memorandum of Understanding (MoU) on cotton development with Germany and Pakistan. With the objective to explore the various investment opportunities in the cotton sector, the Memorandum mainly covers areas related to cotton farming, production, processing, and its value chain development.

As per the MoU, on behalf of the Nigerian Government, Arewa Cotton, involved in ginning and selling cotton lint to Nigerian textile mills, would supervise and coordinate with Germany and Pakistan on developing a practical method of development of cotton and its entire value chain, BUSINESSDAY reported.

Speaking at a workshop on ‘Cotton Production and Cotton Value Chain Development in the Southwest’, organized for cotton farmers in the Southwest, ahead of the cotton farming season 2014, Adebayo Olayemi, Southwest manager, Arewa Cotton, said the Government of Nigeria has entered into a partnership with international communities to fully explore the prospectives related to cotton farming and industry.

After finding out that a large sum of foreign exchange is spent every year in the imports of textiles and cotton materials in Nigeria, the Government of Nigeria has taken steps by entering into collaboration with international communities –Germany and Pakistan – and has appointed Arewa Cotton to act as liaison between farmers and the Government, Olayemi informed.

He added that, with the inadequate cotton production in the country and the losses recorded because of the contamination by foreign matter which reduces the financial value of Nigerian cotton, the involvement of the Government of Nigeria with cotton under its Agricultural Transformation Agenda (ATA) controlled by Arewa Cotton, would yield useful results. The ATA revolves around the empowerment of farmers for improved farming capacity.

Minister of agriculture and rural development, Akinwumni Adesina said the Government of Nigeria has increased its involvement through the Growth Enhancement Scheme (GES), exclusively for cotton farmers, to help achieve the goals of the ATA. The GES is one of the vital components of the Government of Nigeria’s ATA. It was designed with the purpose of providing affordable agricultural inputs like fertilizers and hybrid seeds to farmers, to help them raise their yields to match global standards. The GES is a novel scheme, which tries to do away with the difficulties usually associated with the distribution of fertilizers and hybrid seeds in the country.

Fibre2fashion News Desk-India


Must ReadView All

Union Minister for finance Arun Jaitley chairing the 25th GST Council meeting, flanked by minister of state for finance Shiv Pratap Shukla (right) and finance secretary Dr Hasmukh Adhia. Courtesy: PIB

Textiles | On 20th Jan 2018

GST rate on velvet fabric reduced to 5%

The 25th Goods and Services Tax (GST) Council meeting, held under the ...

RIL petrochemicals’ revenue grows 47.6% in Q3 FY18

Textiles | On 20th Jan 2018

RIL petrochemicals’ revenue grows 47.6% in Q3 FY18

The revenue from the petrochemicals segment at Reliance Industries...

Courtesy: Cotton USA

Textiles | On 20th Jan 2018

US cotton bodies pledge to support CCI activities

Ten US cotton organisations have pledged industry contributions in...

Interviews View All

Krishnanand Tripathi
Textrade International Ltd

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

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Urmil Arya

Sushila International, a well established textile organisation established ...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

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

January 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search