“We need effective utilisation of the fund so that we can make the industry better. Sam and Sara, United Textile Ltd. (UNTL) are some of the projects that the bank has supported and they are performing well in the industry,” Babatunde said.
He urged the government to evolve more strategies that would expand and promote the textile industry.
Commissioner for Finance, Lagos State, Abiodun Akinkunmi, said that textile and garment industry has a strategic role to play in economic development.
He urged local manufacturers to improve the standards and quality of their products in order to discourage the dumping of foreign textiles and garments in the country.
Akinkunmi also urged manufacturers to encourage the use of local materials like adire, aso oke, animal skin, ankara as major designs that must not go into extinct in order to boost the country's GDP. (SH)
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