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Smuggling of textiles may ruin prospects of revival fund – experts
13
Sep '10
Textile producers in the country are upset as smuggling of textiles into the country continues. According to them, if this continues further, it would overturn the purpose of the textile intervention fund worth N100 billion that the government is presently distributing amongst the textile producers.

The Nigerian Textile Manufacturers Association (NTMA), the umbrella body for textile manufacturers in Nigeria divulged that, smuggling of counterfeited China made textiles into the country is giving it nightmares.

The Federal Government introduced the textile intervention fund to revitalize the battered industry which laid-off around 100,000 employees and closed down around 100 units, over the last three years.

NTMA, while it lauded the government's attempts that it has initiated to revitalize the sector and for upgrading the electricity supply and intervention fund, in particular, it demanded of the government, to urgently intervene in the fight against smugglers.

Many of the smugglers bring in cheap counterfeited China made textile products bearing the tag of Nigerian brands, the Association said.

The Federal government in its drive to see that the N100 billion textile intervention fund does not turn to be a daydream for the recipients, has constituted a committee to help the customs and other security agencies to find out ways to exercise a check over importation of such fake textile products in the country, which the industry says is troubling them the most.

Fibre2fashion News Desk - India

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