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Nigeria lost 145 textile companies, only 30 working

Staff writer ▼ | April 13, 2016
The Minister of State for Industry, Trade and Investment, Aisha Abubakar, expressed worry that the country had lost no fewer than 145 textile companies between 1980 and 2016, leaving only about 30 textile firms in operation.
Nigeria textile
Africa   Minister Aisha Abubakar:
She expressed the regret that an industry, which had been the highest employer of labour after the government had suddenly become a shadow of its own, engaging only "very few people."

However, Abubakar said the federal government would take the implementation of the policy seriously as it would help to rejuvenate the growth and development of the industry.

She said: "Since our coming on board, I have taken time to understand the policies and programmes of the ministry. We have identified the CTG sector as an important sector for revival in view of the very high potential of job creation along its value chain."

According to her: "The Cotton Textile and Garment (CTG) sector which used to be the highest employer of labour next to government, with over 175 mills at its peak in the 1980s is now a shadow of itself with barely 30 companies operating presently. "This is no time for lamentation, we are determined to succeed. The country is looking at us."


 

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