Home / Knowledge / News / Textiles / Lifting of import ban may lead to closure of textile units
Lifting of import ban may lead to closure of textile units
03
Dec '10
The Nigerian Government's move to allow imported textiles in the country by lifting the ban is likely to result in the shutting down of a number of textile units in the West African country.

In view of the current business scenario, the country's textile industry is not in a condition to contest the imported textiles. If imported textiles are flooded in the country's market over the next one year's time, domestic industries will have to face difficulties in selling their products and a number of them would definitely be forced to shut down.

While there has been a sharp fall in the number of textile units functional in the country from 124 in 1996 to 25 now, and the workers strength has also fallen from 24,000 to 13,000, which is mainly due to illegal importation of substandard textiles from other countries, with which the domestic firms are not able to contest due to higher costs.

The country banned imports of textiles in 2003, but as per the recent announcement, the government has resolved to replace this ban on textile, furniture and beverages items with 10 to 20 percent tariffs.

Fibre2fashion News Desk-India

Must ReadView All

Courtesy: Carnegie Fabrics

Textiles | On 17th Jan 2017

Calera Capital acquires majority stake in Carnegie Fabrics

Private equity firm Calera Capital has bought a majority stake in...

President Tsai Ing-wen delivering remarks before boarding her plane bound for Central America. Courtesy: Presdient's office

Textiles | On 16th Jan 2017

‘Textiles at centre of Taiwan’s new trade arrangements’

Textiles should be at the heart of Taiwan’s thinking while developing ...

Apparel/Garments | On 16th Jan 2017

Ralph Lauren develops policy on tracking wood based fabrics

In a bid to trace source of wood based fabrics like viscose and rayon ...

Interviews View All

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Marcel Alberts
Eurofibers

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Tony Ward
Tony Ward

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

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
January 2017

January 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