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Nigeria to make policy to boost fabric production
10 Feb '12
1 min read
The Federal Government of Nigeria will be creating a policy aimed at enhancing production of 'Made-in-Nigeria' fabrics meant for both domestic and export markets.
Mr. Olusegun Aganga, Minister of Trade and Investment, said the Ministry is in the midst of framing a policy to boost the production of 'Made-in-Nigeria' goods, including fabrics, as a part of its plans to develop the country's textile sector, and thereby generate employment opportunities and create wealth for Nigerians.
The Minister said the Government's strategy would be to focus on such areas where the country has competitive advantage, and the textile sector is among those areas as once it was a big employer of labour.
He said that the Ministry of Trade and Investment is working with various stakeholders in the textile sector to resolve various problems faced by the industry and to increase their productivity.
He added that the Ministry had identified some major problems that obstruct the textile industry from achieving its fully capacity utilization, which includes poor quality of cotton production in the country, low yield of cotton, import of sub-standard textile items and lack of access to funding at low interest rates.
Mr. Olusegun Aganga, Minister of Trade and Investment, said the Ministry is in the midst of framing a policy to boost the production of 'Made-in-Nigeria' goods, including fabrics, as a part of its plans to develop the country's textile sector, and thereby generate employment opportunities and create wealth for Nigerians.
The Minister said the Government's strategy would be to focus on such areas where the country has competitive advantage, and the textile sector is among those areas as once it was a big employer of labour.
He said that the Ministry of Trade and Investment is working with various stakeholders in the textile sector to resolve various problems faced by the industry and to increase their productivity.
He added that the Ministry had identified some major problems that obstruct the textile industry from achieving its fully capacity utilization, which includes poor quality of cotton production in the country, low yield of cotton, import of sub-standard textile items and lack of access to funding at low interest rates.
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