Home / Knowledge / News / Textiles / 2009 budget has no provision for textile revival fund
2009 budget has no provision for textile revival fund
25
Jul '09
The Comptroller-General of the Nigerian Customs Service (NCS), Mr. Bernard Nwadialo has called on stakeholders in the industry to team up with the agency in order to stop the smuggling of imported textiles into the country and reinforce the textile industry.

Mr. Nwadialo was talking to the National Union of Textile, Garment and Tailoring Workers of Nigeria (NUTGWN) at a policy dialogue on the revival of the Nigerian textile industry, in Abuja. Textile industry stakeholders should complement the government's efforts, since the customs requires massive resources to patrol country's borders, he added.

He further added that making textile industry feasible is a complex job and there must be a cooperative work, by starting with reducing textile smuggling into the country. Custom officers need stake holder's assistance to provide them with working tools for better performance.

Both the parties can enjoy a sound partnership, believed Mr. Nwadialo. NUTGWN's President, Mr. Reginald Agulanna expressed glee at the NCS's efforts to revitalize country's textile industry, which has been comatose for several years. The industry needs modern machineries and technologies for easy competition.

Representatives of the Federal Government, Mr. Achike Udenwa, Minister of Commerce and Industry and Mr. Remi Babalola, Ministry of state for finance had told a Senate committee that though the Federal Government promised the industry about N70 billion in bailouts, the 2009 budget has no provision for that.

Mr. Udenwa informed that former President Mr. Olusegun Obasanjo's administration proposed the N70 billion as an intervention fund but it couldn't materialize. Now the President Mr. Umaru Yar'Adua's government is seeking a loan of N100 billion from the Bank of Industry (BOI) in order to revitalize the industry.

Mr. Nwadialo said that the plan is not to ban textile imports totally, but to allow selected foreign fabrics into the country which could prove as a competition in the sector. He also emphasized the need to modernize the operations of the industry operators.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy:  Stanislav Kondratiev on Unsplash

Apparel/Garments | On 19th Sep 2018

AAFA questions US tariffs on $200 bn Chinese goods

The American Apparel & Footwear Association (AAFA) has questioned...

Courtesy: Tecnorama

Textiles | On 19th Sep 2018

'Reliability & excellent quality are Tecnorama’s USP'

The complete reliability and excellent quality of Tecnorama systems...

USFIA joins national campaign to fight consumer tariffs

Textiles | On 19th Sep 2018

USFIA joins national campaign to fight consumer tariffs

The United States Fashion Industry Association has joined Americans...

Interviews View All

Marazban F Velati, Sutlej Textiles & Industries limited

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Yash Agarwal, Hitansh Online

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Jurgen Gauger, Spreadshirt

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Tina Antoniades,

Tina Antoniades

India-headquartered Lulu & Sky is a rapidly escalating brand with the...

Rajat Jaipuria,

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Sandip Bhojani, Manthan Patel,

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Mr Hartmann Huth, Trevira GmbH

Mr Hartmann Huth
Trevira GmbH

Trevira GmbH is an innovative European manufacturer of high-value branded...

Robin Grankvist, OrganoClick AB

Robin Grankvist
OrganoClick AB

Robin Grankvist talks about PFCs, additives and various chemicals used in...

Larry L Kinn, Suominen Corporation

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Yash P. Kotak, Bombay Hemp Company

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Sidharth Sinha, Sidharth Sinha

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


September 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search