Tag
TEXTILE INDUSTRY
The Director-General of the Manufacturers Association of Nigeria (MAN), Mr Segun Ajayi-Kadir has said that the production of polypropylene by the Dangote refinery can revive Nigeria’s comatose textile industry.
FG announced a $3.5 billion agreement with Afreximbank to enhance the textile industry and promote the use of Compressed Natural Gas (CNG) vehicles, among other initiatives.
The Nigeria Labour Congress (NLC) has said that Nigerians want to hold the Federal Government accountable for funds injected into the textile industry in a bid to resuscitate it.
The Nigerian textile industry was the highest employer of labour, after the public sector. Sadly, the industry is in dire straits battling for survival in recent times.
@cenbank Governor, Mr. Godwin Emefiele, has disclosed that Nigeria loses over N790 billion ($2.2 billion) to the smuggling of textile goods annually.