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Govt releases first tranche of textile revival fund

22
Mar '10
The federal government of Nigeria announced that it released the first tranche of N10 billion, out of the N100 billion committed to the Textile Revival Fund, which it to help the ailing textile sector stand up on its feet.

This was revealed in statement released on behalf of the acting President, Jonathan Goodluck at the 21st Enugu International Trade Fair.

Jonathan stated that the revival of the textile sector would greatly help in creating employment opportunities in vast numbers and would also create a big impact on the economy of Nigeria.

He added by saying that as the revival of the textile industry progresses, more and more employment opportunities would be created.

Fibre2fashion News Desk - India


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