Home / Knowledge / News / Textiles / Govt lauded for releasing fund for revival of textile sector
Govt lauded for releasing fund for revival of textile sector
Jan '11
The Federal Government's move of releasing N200 billion textile bailout fund has been applauded by the Trade Union Congress of Nigeria (TUCN) as the move has helped the sector to reinstate around 2,000 workers in jobs last year.

However, the TUCN has emphasized that if the government actually has a concern for the workers, the National Assembly should clear the Minimum Wages Bill to give it a form of law, by end of this month, so as to evade any industrial crisis and its resultant effects.

TUC President General Comrade Peter Esele recently stated that, three of the textile manufacturing firms in Kaduna, including the United Nigeria Textile Mills Ltd which were shut down previously, have been restarted post release of the textile bailout fund of N200 billion by the government. Around 2,000 workers of these firms who lost their jobs on account of the closure have been reinstated.

Further he even urged the government to provide other key sectors of the country with similar assistance.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 27th Mar 2017

Himatsingka to disinvest 100% stake in Italian subsidiary

The board of directors at Indian home textiles manufacturer and...

Courtesy: Flipkart

Apparel/Garments | On 27th Mar 2017

Flipkart bags $1bn funding at lower valuation

In a new round of funding, Flipkart, one of India's biggest ecommerce ...

Textiles | On 27th Mar 2017

CCI shows US cotton textiles at Intertextile Shanghai expo

The Cotton Council International (CCI), the global marketing arm of...

Interviews View All

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Marten Alkhagen
Swerea IVF AB

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Tony Ward
Tony Ward

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

Robert Brunner

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

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

March 2017

March 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search