Home / Knowledge / News / Textiles / 2009 budget has no provision for textile revival fund
2009 budget has no provision for textile revival fund
25
Jul '09
The Comptroller-General of the Nigerian Customs Service (NCS), Mr. Bernard Nwadialo has called on stakeholders in the industry to team up with the agency in order to stop the smuggling of imported textiles into the country and reinforce the textile industry.

Mr. Nwadialo was talking to the National Union of Textile, Garment and Tailoring Workers of Nigeria (NUTGWN) at a policy dialogue on the revival of the Nigerian textile industry, in Abuja. Textile industry stakeholders should complement the government's efforts, since the customs requires massive resources to patrol country's borders, he added.

He further added that making textile industry feasible is a complex job and there must be a cooperative work, by starting with reducing textile smuggling into the country. Custom officers need stake holder's assistance to provide them with working tools for better performance.

Both the parties can enjoy a sound partnership, believed Mr. Nwadialo. NUTGWN's President, Mr. Reginald Agulanna expressed glee at the NCS's efforts to revitalize country's textile industry, which has been comatose for several years. The industry needs modern machineries and technologies for easy competition.

Representatives of the Federal Government, Mr. Achike Udenwa, Minister of Commerce and Industry and Mr. Remi Babalola, Ministry of state for finance had told a Senate committee that though the Federal Government promised the industry about N70 billion in bailouts, the 2009 budget has no provision for that.

Mr. Udenwa informed that former President Mr. Olusegun Obasanjo's administration proposed the N70 billion as an intervention fund but it couldn't materialize. Now the President Mr. Umaru Yar'Adua's government is seeking a loan of N100 billion from the Bank of Industry (BOI) in order to revitalize the industry.

Mr. Nwadialo said that the plan is not to ban textile imports totally, but to allow selected foreign fabrics into the country which could prove as a competition in the sector. He also emphasized the need to modernize the operations of the industry operators.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 22nd Feb 2017

Bangladesh exporters want duty-free access to US, Brazil

Garment and apparel exporters of Bangladesh are seeking duty-free...

Textiles | On 22nd Feb 2017

India to produce 341 lakh bales cotton in 2016-17: CAI

The Cotton Association of India (CAI) has maintained in its January...

Textiles | On 22nd Feb 2017

'India to be self-sufficient in silk production by 2020'

Indian could be self-sufficient in silk production by the year 2020...

Interviews View All

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Mohammad Hassan
Biax Fiberfilm

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

Giorgio Mantovani
Corman S.p.A

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Wendell Rodricks
Wendell Rodricks

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

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
February 2017

February 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