Latest News
Federal Government Unveils Strategy To Revitalize Nigeria’s Textile Industry
Federal Government Unveils Strategy To Revitalize Nigeria’s Textile Industry
The commitment of President Bola Ahmed Tinubu’s administration to rejuvenating Nigeria’s textile industry was reiterated by the Minister of Industry, Trade, and Investment, Doris Nkiruka Uzoka-Anite, during a recent town hall meeting in Abuja…..READ ALSO Federal Government Pledges To Combat Poverty And Insecurity Through Financial Inclusion Drive
Uzoka-Anite outlined ongoing efforts to attract investors and implement strategies aimed at revitalizing the sector. Emphasizing the potential of the fashion industry to drive demand for locally produced textiles and garments, the minister projected the creation of 200,000 jobs within the next two years.
Key components of the government’s plan include upgrading existing facilities, embracing new technologies, and elevating production standards to enhance competitiveness on a global scale.
In addition, Sheriff Balogun, President of the Federation of Agricultural Commodity of Nigeria (FACAN), underscored the importance of collaborative efforts and swift action to address industry challenges. He highlighted the need to seize opportunities amidst foreign exchange crises, low purchasing power, and unemployment by adding value to raw materials.
Balogun also recognized the potential for Nigeria to become a global exporter of clothing, emphasizing the importance of support from entities like Dangote to access cost-effective diesel fuel.
Join our channel for more latest news https://whatsapp.com/channel/0029VaV4jB6DuMRgwqnJCF32
-
Latest News4 days agoFresh Board Appointments: Tinubu Names Babangida, Al-Makura, Others
-
Latest News2 weeks agoSecurity Shake-Up: Wase Begs Tinubu To Reinstate Police For VIPs Amid Rising Terror Alerts
-
Latest News1 week agoMetuh Joins APC, Says Tinubu Treated Him Better Than His Own Party
-
Latest News1 week ago“Tinubu Appoints Atiku’s Running Mate Okowa And Others To Key Positions”
-
Latest News2 weeks agoFG Drops Hammer: Five Major Kogi Road Contracts Axed Over Massive Failures
-
Latest News6 days agoDefence Minister Orders Total Military Withdrawal From Checkpoints, Targets Terrorists In Forests
-
Latest News2 weeks ago“IGP Complies With Tinubu’s Directive, Withdraws 11,566 Police Officers From VIP Protection”
-
Latest News2 weeks agoTinubu Sends First Batch Of Ambassadorial Nominees To Senate In Surprise Move
-
Latest News3 days ago“Dangote Urges Wealthy Nigerians To Snub Luxury Jets And Cars After Tinubu Meeting”
-
Latest News1 day agoTop 10 Strongest Military Powers In Africa Complete Ranking
-
Latest News2 weeks agoPSC Releases Full List As Nearly 700 Senior Officers Hit Abuja For Crucial Promotion Exams
-
Latest News3 days ago“Special Favour Of Mr President Kept Me In Office” — Fubara Reveals

