textile

War Over ₦130bn Textile Fund

November 30, 2019 7:00 am

Cotton farmers in the North have tasked the Central Bank of Nigeria (CBN) to immediately release ₦130 billion meant for the nation’s cotton and textile industries. This position was one of the highlights of their meeting at the Institute of Agricultural Research (IAR), Ahmadu Bello University (ABU), Zaria, Kaduna State. They deliberated on the ways and means of reviving cotton farming and textile industry in Nigeria.

Chairman of the conference, Alhaji Saidu Dattijo Adahama, said the withheld fund created doubt over the intention of government to promote the production of cotton and recycle the ailing textile sector in Nigeria. He

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Senate Orders Ban On Importation Of Textile

November 13, 2019 6:08 am

The Senate, yesterday, directed the Executive to ban importation of foreign textile materials.

The upper legislative chamber said it was worried that all textile manufacturing industries in the country were comatose and importation of foreign fabrics on the rise.

It has, therefore, urged the Executive to revamp Kaduna, Kano, Aba, United Nigeria textiles, among others to promote local textile production. The decision followed a motion by Barkiya Abdullahi Kabir on the urgent need to revamp the nation’s comatose textile industry.

Leading the debate, Kabir argued that between 1960 and 1970, textile industry played a significant role in the manufacturing sector …

Stakeholders Back CBN Move To Revive Textile Sector

November 4, 2019 3:54 am

The Central Bank of Nigeria’s (CBN) efforts to resuscitate the country’s moribund cotton, textile and garment (CTG) industry has reached a climax with the recent signing of two memoranda of understanding involving critical stakeholders in the entire value chain.

The first Memorandum of Understanding (MoU) between the National Cotton Association of Nigeria (NACOTAN) and ginning companies, seeks to guarantee steady off-take and processing of cotton lint and cotton seeds while the agreement between the Nigerian Textile Manufacturers Association and the armed forces, police, paramilitary Institutions and the National Youth Service Corps (NYSC) was to facilitate long-term contracts (five years or …