Home / Knowledge / News / Textiles / Textile employees body slams Govt for not releasing revival fund
Textile employees body slams Govt for not releasing revival fund
01
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

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Larry L Kinn
Suominen Corporation

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search