>>
Home / Knowledge / News / Textiles / Govt offers additional N30 bn to textile sector

Govt offers additional N30 bn to textile sector

17
Oct '09
President Mr. Umaru Musa Yar' Adua promised the textile sector to provide an additional N30 billion to the N70 billion already announced earlier. He cited this additional fund as Government's commitment towards revitalizing the sick industrial sector of economy, while speaking at the official flag off campaign to patronize Made-in-Nigeria products.

He said the textile industry was shadow of its past glory and the government would take all the possible efforts to revive the industry that offered employment to more than 500,000 people in the past.

He further said that it is essential that this revival fund should be sourced and administrated by the Bank of Industry (BOI).

The Campaign to patronage Made-in-Nigeria products is Federal Government's Strategic initiative to breathe life into industrial sector and to bailout the sector from the effects of meltdown by generating employment for Nigerians.

The campaign is parallel to the efforts of Central Bank of Nigeria (CBN) to ensure that banks in the country should have firm stand despite the current global financial meltdown across the globe, added the President.

Many industries of the country have downed their shutters due to lack of customer support. However, according to the President, Nigerian market is quite big, with over 140 million people and capable of sustaining the industrial sector.

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 25th Jan 2022

New US legislation to fix import loophole, boost oversight unveiled

Earl Blumenauer, chairman of the US House of Representatives ways and ...

Pic: Shutterstock

Apparel/Garments | On 25th Jan 2022

China’s garment industry earned $209 bn in revenue in Jan-Nov 2021

About 12,659 garment companies of China earned a combined operating...

Pic: Shutterstock.com

Textiles | On 24th Jan 2022

World economy to lose $12.5 trn in output by 2024 due to COVID: IMF

The world economy will lose $12.5 trillion in output by 2024 due to...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Multi-functional garments will be next big thing

Footwear Industry, Footwear Retailers

Footwear Industry
Footwear Retailers

Still struggling to mop up higher sales

Textile Industry, Head honchos

Textile Industry
Head honchos

Fabric selection & recommendation based on client's brief

Barry Goodwin,

Barry Goodwin

UK based Amba Projex Ltd designs, manufactures, and installs industrial...

Akram Tariq Khan,

Akram Tariq Khan

E-commerce brand YourLibaas meaning "garment or attire" in Udru, was...

Aashumi Mahajan,

Aashumi Mahajan

The Luxe Maison is a premiere haute couture e-boutique established after...

Tonny De Beer, PFNonwovens

Tonny De Beer
PFNonwovens

PFNonwovens (PFN) was established in 2018 by the combination of two...

Daniel Roxbury, University of Rhode Island

Daniel Roxbury
University of Rhode Island

Assistant professor Daniel Roxbury and former URI graduate student...

Sanjay Raut, Garware Technical Fibres Ltd

Sanjay Raut
Garware Technical Fibres Ltd

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Archana Jaju, Label Archana Jaju

Archana Jaju
Label Archana Jaju

<b>Archana Jaju</b>’s Hyderabad-based eponymous label works with artisans...

Gavin Miguel, Label Gavin Miguel

Gavin Miguel
Label Gavin Miguel

Acclaimed fashion designer <b>Gavin Migue</b>l is known for his couture...

Shalini Sharma & Shweta Pundir Sharma, Six Yard Story

Shalini Sharma & Shweta Pundir Sharma
Six Yard Story

Six Yard Story is a premium artisanal brand with a focus to bring handloom ...

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

ESTEEMED CLIENTS

Maceton Limited
Abit
Under Armour Global Sourcing Ltd
Etam Group Strategy Hong Kong Limited
Walmart
Groz-Beckert East Asia LLP
Alix Partners
Lacoste (Wanchai)
IKEA of Sweden AB
NITI Aayog
SYNERGIES HONG KONG LIMITED
Calvin Klein
Lisa S.P.A.
Brandix Lanka Limited
Seasalt Limited
John Varvatos
Rayonese Textile Inc., Division de Culp Inc.
Gap International Sourcing Limited
Truetzschler India Private Limited
Babyshop
Boardriders Asia Sourcing Limited
BIANCA
Lululemon Athletica Inc
Decathlon
Puma
Splash
Permoda(Koaj/Armi/Pronto/Bkul)
Reiter India Private Limited
Rosset ;& Cia Limited
Arvind Limited
Chori Company Limited
The LYCRA Company Singapore  Pte. Ltd
Vianney Textil Hogar S.A. De C.V.
International Textile Manufacturers Federation
G-Star Raw C.V.
Hirdaramani International Export Private Limited
Hela Clothing Pvt Ltd
KIABI
Bluestem Global Sourcing Limited
Guess Europe Sagl,
Sportmaster Ltd.
C;&A Sourcing International Ltd
Sportswear Company Spa
Sainsbury's Argos Asia Limited
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Tommy Hilfiger
Asos
SHAHI Exports Pvt Ltd
TESCO INTERNATIONAL SOURCING LIMITED
THE BOMBAY DYEING ;& MFG.CO. LTD
Phong Phu international JSC (PPJ)
T.T. Limited
Huntsman (Singapore) Pte Ltd
Green Fibre
Aquarelle Clothing Limited
Helly Hansen Far East Ltd
BIMBA ;& LOLA SL
Lifestyle
Gokaldas Exports Limited
Chico’ FAS
Page Industries Limited (Bangalore)
Eastman Chemical Company
J ;& P Coats
KAS Direct Sourcing
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
PVH Corporation
Sateri (Jiujiang) Fiber Co.,Ltd
Recron Polyester from Reliance Industries Limited
Vardhman Textile Ltd
Tory Burch Hong Kong Ltd
Target Corporation (MN)
Landmark Group
Amazon China
Gatsby Africa
Grasim Industries Limited
Benetton Group
Desigual - ABASIC, S.A.
The Top Form Brassiere Manufacturing Company Limited
Lenzing Aktiengesellschaft
OVS Hong Kong Sourcing Ltd.
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Varner AS Retail
Midas Clothing Limited
H;&M Hennes ;& Mauritz (Far East) Ltd
MAS Active / MAS Kreeda / MAS Bodyline
LC Waikiki
IDH – The Sustainable Trade Initiative
Cat Tuong Real Estate Group Joint Stock Company
Esprit Europe Services GmbH
Aramark Uniform ;& Career Apparel, LLC

January 2022

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


Advanced Search