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Nigerian Cotton ginners oppose foreign textile investment
31 Jul '18
1 min read
The Cotton Ginners Association of Nigeria has opposed a proposal to invite foreign investment in the country’s textile and garment industry, saying the decision would kill the nation’s local industry due to a provision allowing investors to bring in cotton to feed the plants and have a ‘devastating impact’ on over two million Nigerian cotton farmers.
The plan would also mean the end of over 52 existing cotton ginneries and the loss of many textile plants trying to restart operations, association president Salman Abdullahi said in a statement in Abuja recently.
Expressing surprise at the assertion that there is no cotton in Nigeria, Abdullahi said efforts should be made to revive the cotton industry and not kill it, a Nigerian daily reported. (DS)
The plan would also mean the end of over 52 existing cotton ginneries and the loss of many textile plants trying to restart operations, association president Salman Abdullahi said in a statement in Abuja recently.
Expressing surprise at the assertion that there is no cotton in Nigeria, Abdullahi said efforts should be made to revive the cotton industry and not kill it, a Nigerian daily reported. (DS)
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