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Nigeria woos investors at Davos for textile, other SEZs
30
Jan '18
The Nigerian Government and the private sector will jointly create special economic zones (SEZs), starting first with the textile and garment sector, to boost the nation’s economy, according to vice president Oluyemi Oluleke ‘Yemi’ Osinbajo. He conveyed this to investors through his spokesperson Laolu Akande at the World Economic Forum in Davos recently.

Osinbajo is optimistic about the forthcoming SEZ for garment manufacturing because it is specific and something that can be measured quickly, according to media reports in Nigeria.

A meeting of select investors in Davos was told that advantages of Nigeria’s SEZ for textile manufacturing include use of English as official language, a stable political environment and conducive surroundings for the private sector.

As Nigeria produces cotton, its garment and textile industry has a huge potential, former World Bank chief economist Justin Lin told the meeting. (DS)

Fibre2Fashion News Desk – India


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