Nigeria Upgraded Cotton Textile Industry To Increase Employment
In 1980, Nigeria's cotton textile industry reached its peak, but it didn't last long.
Recently, cotton textile industry has been upgraded in order to promote employment.
The Ministry of industry, trade and investment
cotton
CTG, executive secretary of the Ministry of industry and trade, Abubakar attended the meeting.
She regretted pointing out that the Nissan textile industry reached its peak in 1980, when the cotton processing plant reached 175. With the change of the economic environment, the industry gradually declined. At present, only 30 enterprises exist, and 145 enterprises are wither away.
The current national employment and economic situation has pushed the industry to revitalize and develop.
In order to revive the cotton spinning industry, in December 17, 2014, the Nigerian Federal Executive Committee approved the CTG revitalization policy. Then the CTG Executive Committee was set up to carry out relevant work. The policy was formally implemented in January 20, 2015.
CTG revitalization policy plan, the government from 2015 to 2020 invested 255 billion (1 billion 280 million U. S. dollars), re
Industry setting
In the second labour intensive industries to solve the employment problem, the employment level in the industry increased from 50 thousand in 2015 to 100 thousand in 2017. The number of indirect employment outside the industry increased from 650 thousand to 1 million 300 thousand.
If the industry can be revitalized, Nim will witness the reduction of textile and clothing imports and save nearly 2 billion dollars of foreign exchange resources for Nigeria.
The chairman of the CTG Committee said that there were problems in the implementation of CTG policy.
Tight funds
Smuggling, power supply shortage, lack of industry standardization and low output of cotton.
Regarding the smuggling problem, the Nigerian government is taking coercive measures, and through diplomatic channels, seeks the support of neighbouring governments for Nepal's smuggling of cotton textiles smuggling and striving for a reduction of 15% in smuggling cases during the year.
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