Interviews
Nigerian senate seeks 5-yr ban on textile materials import
15 Nov '19
1 min read
Pic: Shutterstock
The Nigerian senate recently urged the government to put a complete ban on the import of textile materials into the country for five years to support domestic manufacturers. The apex legislative chamber foresees enormous benefits of the current land border closure by President Muhammadu Buhari and urged him to maintain that for a reasonable time period.
It also urged the government to encourage domestic textile manufacturing companies by providing them soft loans and easy access to credit facilities through the Bank of Industry (BoI).
The senate requested the government to provide necessary infrastructural facilities, especially power supply to textile manufacturing companies, according to Nigerian media reports.
Senate president Ahmad Lawan said domestic producers must learn to compete to overcome the challenges posed by the African Continental Free Trade Agreement signed by Nigeria.
Lawan said until Nigeria addressed the issue of unsteady power supply and smuggling, little could be achieved through the closure of borders to goods coming in from neighbouring countries.
It also urged the government to encourage domestic textile manufacturing companies by providing them soft loans and easy access to credit facilities through the Bank of Industry (BoI).
The senate requested the government to provide necessary infrastructural facilities, especially power supply to textile manufacturing companies, according to Nigerian media reports.
Senate president Ahmad Lawan said domestic producers must learn to compete to overcome the challenges posed by the African Continental Free Trade Agreement signed by Nigeria.
Lawan said until Nigeria addressed the issue of unsteady power supply and smuggling, little could be achieved through the closure of borders to goods coming in from neighbouring countries.
Fibre2Fashion News Desk (DS)
Popular News
Leave your Comments
Editor’s Pick
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
