Revamping Nigeria's Textile Industry




The Nigerian government recently launched a National Policy on Cotton, Textile and Garment (CTG) as part of the National Industrial Revolution Plan (NIRP) to help revitalize the country’s ailing industry. The government also directed that uniforms of the military and schools must now be purchased from local sources.

It is no longer news that the once bubbling textile industry in Nigeria is now almost moribund, but there are measures to revive the sector. One of such measures was in 2010 when a 100 billion naira revival fund was introduced and this according to the Manufacturers Associations of Nigeria, has increased capacity utilization from 29.14 percent in 2010 to about 50 percent currently.

The government has now come up with a revised CTG policy. Players in the textile manufacturing sector see the policy as a laudable one that is capable of transforming other sectors of the economy but there are concerns. General Secretary of Nigerian’s textile garment and tailoring workers, Issa Aremu and other stake holders say a continuous industrialization drive in Nigerian is the only way to have a revitalized sector.
For investors interested in Nigeria’s textile sector tackling the issue of smuggling is also key while international organizations like UNIDA who have seen how other countries repositioned their textile industry say there is a need to support Nigeria in overcoming its challenges.

 The Nigerian government while acknowledging that the textile sub sector will not be revived overnight, highlights a comprehensive strategy to overcome a myriad of challenges which include industrial infrastructure, energy supply, raw material, fiscal regime, financing, standards, smuggling, trade and calls for the support from all concerned interests. If this programme pulls through, research shows that about 2 billion dollars is expected to be saved from reducing importation of bulk textile needs while an estimated 1.5 billion dollars in investment is also projected.

Source: aitonline.tv

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