Home / Knowledge / News / Textiles / Nigeria to revive CTG sector after massive closure
Nigeria to revive CTG sector after massive closure
05
Apr '16
The closure of 145 cotton, textile and garment (CTG) units over the past two decades has shaken up the Nigerian government which now wants to stem the rot to save the remaining 30 companies now in operation, the country’s newspapers have reported.

Minister of State for Industry, Trade and Investment, Hajia Aisha Abubakar, has said that her ministry has received a directive from President Muhammadu Buhari to revive the CTG sector.

“The CTG sector, which used to be highest employer of labour next to government, with over 175 mills at its peak in the 1980s, is now a shadow with barely 30 companies operating presently,” Mrs. Abubakar said at a meeting with members of the National Committee for the Implementation of the Cotton, Textile and Garment Policy in her office in Abuja.

She said there is a need to identify short, medium and long term programmes to arrest the slide and spur the growth of the CTG sector.

She said President Muhammadu Buhari was passionate about the revival of the cotton, textile and garment sector following its huge potential for job creation across its value chain.

The main thrust of the policy is to reposition the CTG sector as the second largest employer of labour and a revenue earner for the government.

According to the policy document, the economy will witness savings of $2 billion in foreign exchange now being spent on textiles and garments imports.

It also aims to double direct employment in the sector 50,000 people in 2015 to 100,000 by 2017. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: EVG photos from Pexels

Apparel/Garments | On 16th Aug 2018

Bangladesh ups garment export target to $32.689 bn

The Government of Bangladesh has increased the country’s readymade...

Courtesy: PR Newswire

Apparel/Garments | On 16th Aug 2018

Shoppers go to stores for thrifting experiences: Survey

Despite growth in e-commerce, shoppers still head to retail stores...

Pak ministry invests in training textile sector workers

Textiles | On 16th Aug 2018

Pak ministry invests in training textile sector workers

Pakistan’s ministry of commerce and textile industry is offering...

Interviews View All

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Sandip Bhojani, Manthan Patel

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

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Sham Shah

Shamal and Shamal Pvt Ltd is into manufacturing and sales of textile...

Chunyi Zhi
City University of Hong Kong

<div><b>Chunyi Zhi</b>, associate professor in the Department of Materials ...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Matthew Kolmes
Supreme Corporation

Supreme Corporation manufactures innovative specialty yarns and safety...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Yash P. Kotak
Bombay Hemp Company

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

Jay Ramrakhiani
Occasions Elegance Wear

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

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


August 2018

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

news category


Related Categories:

Advanced Search