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Textile employees body slams Govt for not releasing revival fund
Jul '09
The Textile, Garment & Tailoring Senior Staff Association of Nigeria (TGTSSAN) has lambasted the government for delaying the release of the textile revival fund amounting to N70 billion, years after its announcement.

Mr Jerekeri, President of TGTSSAN said that the government has been dithering on the release of the revival fund, though it is now five years since the announcement was made and two governments had changed in the interim.

He also decried the agreement signed with the Republic of Benin, which provides unlimited access to textiles from that country, that too at a time when local producers were carrying huge unsold inventories of goods.

He also lamented the fact, that the government had doubled the price of Black oil (LPFO), which is an important ingredient of the textile sector, within a period of one month, which had led to the escalation in cost of manufacturing textile goods.

He was of the view that the government was the least bit interested in revival of the textile sector, otherwise it would not have put off releasing the funds and at the same time had done nothing to stop illegal imports of textiles into the country.

Fibre2fashion News Desk - India

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