Nigeria : Nigeria to revive CTG sector after massive closure

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Nigeria to revive CTG sector after massive closure

05
Apr '16

The closure of 145 cotton, textile and garment (CTG) units over the past two decades has shaken up the Nigerian government which now wants to stem the rot to save the remaining 30 companies now in operation, the country’s newspapers have reported.

Minister of State for Industry, Trade and Investment, Hajia Aisha Abubakar, has said that her ministry has received a directive from President Muhammadu Buhari to revive the CTG sector.

“The CTG sector, which used to be highest employer of labour next to government, with over 175 mills at its peak in the 1980s, is now a shadow with barely 30 companies operating presently,” Mrs. Abubakar said at a meeting with members of the National Committee for the Implementation of the Cotton, Textile and Garment Policy in her office in Abuja.

She said there is a need to identify short, medium and long term programmes to arrest the slide and spur the growth of the CTG sector.

She said President Muhammadu Buhari was passionate about the revival of the cotton, textile and garment sector following its huge potential for job creation across its value chain.

The main thrust of the policy is to reposition the CTG sector as the second largest employer of labour and a revenue earner for the government.

According to the policy document, the economy will witness savings of $2 billion in foreign exchange now being spent on textiles and garments imports.

It also aims to double direct employment in the sector 50,000 people in 2015 to 100,000 by 2017. (SH)

Fibre2Fashion News Desk – India

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