Border policing critical to effectiveness of forex ban on textile imports – NECA vanguardngr.com vanguardnews
It will be recalled that the CBN last week banned the sale of forex to importers of textile materials.
Reflecting on the history of the textile industry, Olawale said, “The first modern textile mill in Nigeria, Kaduna Textile Mill, was started in 1956 in Kaduna, Northern Nigeria and between then and 1987, there were 37 textile firms in the country, operating about 716,000 spindles and 17,541 looms. While suggesting ways to revive the textile industry beyond the ban on sale of forex to textile importers and the proposed single digit credit, the NECA DG urged that, “Efforts should not be spared in policing our borders.
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