Nigeria will prepare to build a special economic zone for the textile and garment industry
According to the “Pioneer” news on January 25, Nigerian Vice President Osinbajo, who is attending the “World Economic Forum” annual meeting in Davos, revealed that the Nigerian federal government will prepare to establish a special economic zone for the textile and clothing industry. The form of joint construction between government and private investment will drive the clustering and development of related industries to achieve the revitalization of the traditional textile industry.
He pointed out that the textile and clothing manufacturing industry has good development prospects in Nigeria. It has certain advantages in terms of acquisition of raw materials such as cotton and domestic and foreign market demand. It is also an economic field in which the government has control capabilities and development experience. Projects with real significance. The construction positioning of this economic zone not only includes textile and clothing manufacturing, but also encourages the establishment of relevant laboratories to provide guidance for the sustainable development of industries in the zone. Nigeria will prepare to build a special economic zone for the textile and garment industry
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