Home / Knowledge / News / Textiles / Revival of textile sector on high priority - Minister
Revival of textile sector on high priority - Minister
19
Nov '09
The Minister of Commerce and Industry, Chief Achike Udenwa, is of the opinion that, the textile and its allied sectors have the ability to rise anew from their current depressing state, if provided the correct thrust by the government of Nigeria.

At the peak in the 1980's the textile industry provided direct employment to over 250,000 people and indirect employment to millions like ginneries, farmers, traders etc, which now is a mere shadow of that figure. The current figure is around just 25,000.

He said employment opportunities can be created by only the private sector to the teeming thousands of students who graduate from the colleges, who if not provided employment could indulge in anti-social activities.

He said that the disbursal of the proposed N100 billion Textile Revival Fund would be carefully monitored to take care that only genuine companies benefit from it and advised people not to expect any miracles in the short term.

He said the government on its part was trying to curb the menace of illegal smuggling of textiles and clothing into the country as well as was trying to promote “Made in Nigeria” products which could help in revival of the textile sector.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Applied DNA Sciences

Apparel/Garments | On 24th Feb 2017

SigNatureT DNA can help prevent apparel counterfeiting

SigNatureT DNA is forensic molecular tag by Applied DNA Sciences...

Textiles | On 24th Feb 2017

Pakistan's textile exports down 1.54% in July-Jan FY17

The value of textile and garment exports made by Pakistan decreased...

Courtesy: The Irish News/Christian Cowan (Google)

Fashion | On 24th Feb 2017

Google & Christian Cowan create 'really blue' jeans

Google has partnered with British fashion designer Christian Cowan to ...

Interviews View All

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Marten Alkhagen
Swerea IVF AB

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Jay Ramrakhiani
Occasions Elegance Wear

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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