The Managing Director, Nigeria’s Bank of Industry (BOI), Ms Evelyn Oputu has said that 60 per cent of the bank’s N100 billion Textile Revival Fund has been disbursed to the beneficiaries.
Oputu told the News Agency of Nigeria (NAN) in Addis Ababa on Thursday that the revival scheme had started yielding results with its recreated 25,000 jobs, and revival some others that were lost as result of the closure of most of the textile industries.
She said the industry had also been expanded to cover all production activities, including Garment in addition to cotton production processing and Ginnery and Printing in spite of the security challenges faced in parts of the country where some of the factories are located.
