Home / Knowledge / News / Textiles / Federal Govt bemoans lack of synergy within industry
Federal Govt bemoans lack of synergy within industry
21
Aug '08
The Federal Government of Nigeria has expressed displeasure at the manufacturers over the continuous conflict regarding requests for waivers and bans on imported products, and has lamented the absence of unity of interest among the various sub-sectors.

Difference of opinion and of demands emerging from the private sectors has often resulted in adoption of ineffective policies which in turn has caused inconsistency in governance and has virtually hampered the growth of the economy.

Consequences have been so grave that the policies have even had a negative impact on some operators in terms of factory closures, uncompetitive products and high rate of unemployment.

While one sub sector pleads for an outright ban or a high duty rate on a certain set of products, the others urge for a waiver. This only show the lack of unity among different stake holders, in fact, some even rally for personal interest which, of course, cannot be entertained by the Government that aims at a overall welfare of the industry.

Addressing a one day seminar on the Nigerian Textile Industry, Mr Ahmed Garba Bichi, Minister of State for Commerce and Industry noted that problems of the manufacturing sector goes way beyond infrastructural inadequacy like electricity, water, and fuel to smuggling, high interest rates by banks. Issue like lack of synergy among different sub sectors are far more crucial and concerning and therefore needs to be given immediate attention for the survival and growth of the textile industry.

Related news

Must ReadView All

Textiles | On 30th May 2017

CAI estimates 2016-17 cotton crop at 340.5 lakh bales

Cotton Association of India (CAI) has retained its earlier estimate...

Courtesy: World Bank/Claude Renault

Textiles | On 30th May 2017

India’s economic fundamentals remain strong: World Bank

India remains the fastest growing economy in the world – economic...

Courtesy: Dollar Industries

Apparel/Garments | On 30th May 2017

Dollar Industries registers Rs 906 cr turnover in FY17

Hosiery major Dollar Industries Limited registered a turnover of Rs...

Interviews View All

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Igor Chapurin
Chapurin

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

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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