Nigeria budgets 100 million naira to revitalize textile and apparel industry
According to Nigerian media reports on February 13, in order to promote the development of Nigeria’s textile and apparel industry, create jobs, stimulate consumption and support economic diversification, the Nigerian federal government set aside 51 billion naira in the 2017 budget to promote textile and apparel. industry development. Among the six newly established special economic zones, three will be used to develop the textile and garment industry.
Statistics from Nigeria’s Ministry of Industry, Trade and Investment show that due to reasons such as smuggling, insufficient power supply, lack of standardization, and low cotton production, approximately 145 companies in the textile industry closed down from 1980 to 2016, resulting in a large number of workers becoming unemployed.
AAA
Disclaimer:
Disclaimer: Some of the texts, pictures, audios, and videos of some articles published on this site are from the Internet and do not represent the views of this site. The copyrights belong to the original authors. If you find that the information reproduced on this website infringes upon your rights and interests, please contact us and we will change or delete it as soon as possible.
AA
