Home / Knowledge / News / Textiles / UN agency raises concerns about collapse of textile industry
UN agency raises concerns about collapse of textile industry
Mar '09
The United Nations Industrial Development Organisation (UNIDO) has noted that the textile sector in Nigeria was rapidly going down, with very few textile companies still operating in the country. This inference has been drawn in a UNIDO Critical Situation Report on the Nigerian textile industry.

UNIDO has noted that if immediate steps are not taken to revive the sector and avoid its collapse, it would have disastrous consequences for the whole Nigerian economy and added by saying that the few mills that are currently operational are also running at very low capacity levels and could close down any time.

The report states that in 1985, there were about 175 textile companies in the country and by 2002, the numbers had fallen to 50, in 2006 to 32 and in 2008, they were reduced to just 25 mills across the whole country, which had led to large scale unemployment after all it was the second largest employer after the government.

At its peak, the sector provided employment to around 137,000 workers, which fell to 83,000 in 2000 and has further declined to just 24,000 in 2008. Among many reasons cited by the agency, the proliferation of cheap imported textiles and clothing spelled the doom of this once very vibrant sector in the country.

The delay in releasing the N70 billion textile revival fund as well as high cost of credit was making the mills that were still operational unviable and has urged the Federal Government to immediately take measures to stop further rot in the sector, which will ultimately affect the economy of the country, the report concluded by saying.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 25th May 2017

Huntsman and Clariant to have merger of equals

Huntsman Corporation and Clariant have announced that their boards of ...

Courtesy: CBRE

Apparel/Garments | On 25th May 2017

European cities preferred for retailer expansion: CBRE

European cities were the preferred new destination for international...

Apparel/Garments | On 25th May 2017

Guess records $458.6 million revenue for Q1 2018

For the first quarter of fiscal 2018, the net revenue of American...

Interviews View All

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Wendell Rodricks
Wendell Rodricks

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
May 2017

May 2017

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


Browse Our Archives


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