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Federal Government has reinstated its
commitment towards revitalizing the Cotton, Garment and Textile industry aimed
to create more employment and also grow the Nigerian economy.
The Minister of Agricultural and Rural Development, Alhaji Mohammed Sabo
Nanono disclosed this when he received in audience the Nigeria – Vietnam
Chambers of Commerce and Industry (NVCI) delegation led by the Chairman, Mr.
Oye Akinsemoyin, in his office in Abuja.
Alhaji Sabo Nanono stressed the need to revitalize the textile industry
“textile and garment is one of the three pillars that is very crucial to the
development of this country and would reduce the issue of unemployment
substantially because of its nature, the textile ,garment and cotton are the
core of the Agro Allied industry’’.
Nanono further stated that, ‘’textile industry is capable of employing
hundreds of thousands of people across the country especially in Kano, Kaduna,
Aba, Lagos and some other key areas. In Nigeria from 1985 to 86, our textile
industry were in good shape, during this period, Nigerian’s textile materials
was one the best in Africa and beyond Until importation of textile into the
country between 1987 to 1990 which has led us to the state we are now “,he
added.
The Minister pointed out that ‘’the government is ready to create enabling
environment that will attract foreign investors in the textile industry’’.
In his Presentation, the President, Nigeria –Vietnam of Commerce and Industry
(NVCI), Mr. Oye Akinsemoyin stressed that ‘’there is need for the Federal
Government to focus on revitalizing in the industry line with the President
Muhammad Buhari’s policy of economic diversification ’’.
Akinsemoyin highlighted the success story of Vietnam textile industry
stating that the country’s textile industry had grown over the years from the
60s and presently has churned out over 6,000 enterprises.
According to him, it has employed over2.5 million people of Vietnams and the
annual growth rate is about 9.8 percent, also that is has been estimated that
in 2025, the sector would be attaining $55billion on export from garment and
textile, adding that Nigeria could attain a similar feat if its industry is
revitalized.
Director Information 20/09/2019.
