The carpet industry in Nigeria has reiterated its commitment towards the expansion and development of the textile sector and in turn the economy of the country, by making fresh investments in the sector.
According to the President of the Nigerian Association of Carpet Manufacturers, Mr Mohit Manglani who is also the owner of JayKay Carpet Industries, “The manufacturers strongly believe in the strength of the Nigerian economy and the important role carpet manufacturers play in the global economy”.
He also said that “We are active participants in the Nigerian economy over the last few years and our members have put in very large investments to upgrade our technology and our facilities to give high quality products to the consumers”.
He added by saying that in the last two years, local carpet manufacturers have totally invested N5 billion to acquire latest machinery and technology, which was invested, despite the many challenges the carpet sector was facing in the country.
He lamented the fact that, energy remained a big problem and more so is the cost of funds which has resulted in high operational costs and despite the government ban on imported carpets, the country was flooded with carpets of poor and sub-standard quality.
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