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Nigerian investment body to promote locally made textiles
04
Aug '15
The Nigerian Investment Promotion Commission (NIPC) said it will to work closely with National Cotton, Textile and Garment (CTG) Policy Committee to promote Made-in-Nigeria products.

“This will also encourage the resuscitation and restoration of Nigerian textiles industries in the country,” NIPC informed in a press release.

Uju Aisha Hassan Baba, executive secretary of NIPC said, “NIPC is not only promoting foreign direct investment (FDI), but also encouraging local investment, as they too contribute to the growth of the economy”.

She remarked that NIPC will partner with the CTG Committee to realise most of its initiatives to encourage and promote indigenous products, as that will spur the creation of wealth and generate employment.

She added that NIPC is aware that there are wealthy Nigerians, who if encouraged, will invest in their home economy rather than keeping their money outside the country.

She stressed that NIPC will strive in its marketing drive to seek investors who will partner with Nigerian investors to resuscitate the ailing textiles industries in the country.

Baba also disclosed that NIPC is already partnering with the state governors to promote agriculture in order to grow products like cotton, which is the main raw material for textile and garment products.

“NIPC has put in many strategies in place to realise its mandate of attracting and promoting investments into the economy,” she informed.

The patron of Made-in-Nigeria products, William Iheanacho Otabil stated that the CTG policy which was announced last year was envisioned to create a competitive cotton, textile and garment sub-sector.

“The vision was to make it capable of stimulating and supporting sustainable value addition along the entire textile value chain,” Otabil too added.

He announced that as part of their initiative to propagate Made-in-Nigeria products, they will host Buy-Naija Dress Day, Buy-Naija Military Dress and buy-Naija School Dress, all aimed at patronising Nigerian textiles. (AR)

Fibre2Fashion News Desk – India

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