The Nigerian textile industry has failed to pick up in terms of operations despite over $1.18billion (N500 billion based on the prevailing exchange rates
Speaking with LEADERSHIP Sunday, the president of the National Union of Textile Garment and Tailoring Workers of Nigeria , Comrade John Adaji highlighted their expectations from President Tinubu’s administration on textile industries.
Apart from the textile industry, the Ajoakuta steel, he said, is another area that requires proper resuscitation for optimum advantages. As promised, the president made the CBN to release a N50 billion special mechanism fund in 2020 to revive the ailing industry. Speaking with LEADERSHIP Sunday, Comrade John Adaji of NUTGTWN acknowledged how former President Obasanjo, the late President Yar’Adua and former President Goodluck Jonathan had put in place a number of policy measures to resuscitate the textile industry and promote local manufacturing as part of efforts to transform the industrial sector, create mass decent employment and diversify the nation’s economy, but all in vain.
Textile manufacturers and indeed the union, he said, were optimistic that President Buhari administration would consolidate on the few gains of the past, avoid policy mistakes of the past, help to revive all closed textile factories andStakeholders, Adaji said, acknowledge some initiatives by the Buhari-led government to resuscitate the textile industry within the context of the Cotton, Textile and Garment policy, adding that they were however not effectively implemented to achieve the desired...
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