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

Textiles | On 9th Dec 2016

ACIMIT signs MoU with Pakistan textile bodies

In a bid to strengthen the trading in garments and textiles between...

Textiles | On 9th Dec 2016

‘Less demand may make it hard to achieve export target’

The $48 billion target for textiles and garment exports for 2016-17...

Textiles | On 9th Dec 2016

GST Council may decrease tax rates in future: CBEC

The goods and services tax (GST) Council might reduce the proposed...

Interviews View All

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Johan Berlin
InvestKonsult Sweden AB

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

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 ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search