Nigeria woos investors at Davos for textile, other SEZs

2018/01 31 06:01

The Nigerian Government and the private sector will jointly create special economic zones (SEZs), starting first with the textile and garment sector, to boost the nation’s economy, according to vice president Oluyemi Oluleke ‘Yemi’ Osinbajo. He conveyed this to investors through his spokesperson Laolu Akande at the World Economic Forum in Davos recently. Osinbajo is […]

Nigerian leather industry can create 7 lakh jobs: minister

2018/01 29 08:01

Nigeria’s leather industry can generate 700,000 jobs, science and technology minister Ogbonnaya Onu told the National Leather and Leather Products Policy Validation Workshop in Sokoto recently. He termed the leather industry, which generates 24.5 billion naira annually, as the next gold mine that holds the key to industrial growth, jobs and wealth creation. The minister, […]

Nigeria’s MTMA wants ban on export of cotton

2017/11 28 08:11

The Nigerian Textile Manufacturing Association (MTMA) wants a ban on the export of cotton from the country as it is needed for local manufacturing. MTMA’s acting director general Hamman Kwajaffa said this at a public hearing organized by a parliamentary committee on industry to discuss setting up a cotton, textile and garment (CTG) development council. […]

NISER urges Nigerian govt to be strategic in its WTO ties

2017/11 25 08:11

The Nigeria Institute of Social and Economic Research (NISER) has advised the government to be strategic in its ties with the World Trade Organisation (WTO) as the latter’s policies have not revamped the nation’s textile sector. NISER attributed the fall in the number of modern textile firms partly to inconsistent government policies and the WTO […]

Vlisco discusses investment plans with Nigerian minister

2017/11 19 05:11

Dutch textile company Vlisco Group recently discussed with Nigerian finance minister Kemi Adeosun its proposed investment in the country’s cotton textile industry. The investment would boost growth and jobs in Nigeria across the entire value-chain from cotton to fashion, according to company CEO David Suddens, who led the delegation to the discussion. The group plans […]

Nigeria’s RMRDC initiates revival of garment sector

2017/10 17 18:10

Nigeria’s Raw Materials Research and Development Council (RMRDC) has initiated the process of accelerating local production of garments for domestic and international markets to reduce imports. As part of the efforts, the council recently trained cotton farmers and organized a two-day workshop in Kaduna for workers in the cotton, textile and garment sector. Over 150 […]

RMRDC trains Nigerian cotton farmers on best practices

2017/10 05 10:10

Nigeria’s Raw Materials Research and Development Council (RMRDC) has initiated intensive training for registered cotton farmers on best practices in the Southwest, Northeast and Northwest zones of the country to make them globally competitive. The council feels over-reliance on imports has led to not developing a raw materials base for the textile industry. The training […]

Chinese firm to build textile industrial park in Nigeria

2017/09 27 10:09

The government in Kano state in northern Nigeria has signed an agreement with China’s Shandong Ruyi Technology Group to establish a $600-million textile industrial park. The agreement was signed recently by secretary to the state government Alhaji Usman Alhaji and the company’s chairman Yafu Qiu at the company’s headquarters in Jining, Shandong. The planned investment […]

Odu’a, ABUAD to invest N12bn for textile mill revival

2017/08 25 10:08

Nigeria-based Odu’a Investments Limited in association with Afe Babalola University at Ado-Ekiti (ABUAD) will make an investment of N12 billion for the revival of textile mill in Ado Ekiti. It is an initiative to boost the country's economy by converting the dilapidated mill into an industrial park which will house 31 small-scale industries. In the […]

Nigeria to revive KTL to produce military, police outfit

2017/08 18 10:08

The state-controlled New Nigeria Development Company (NNDC) has announced it will invest $15 million through a partnership with Turkish firm Sur International Textile to reactivate the collapsed Kaduna Textiles Ltd (KTL). The Turkish firm will contribute 35 per cent, the Nigerian Government 45 per cent and KTL will share 20 per cent of the expenditure. […]

US urges EAC to lift ban on used clothing import

2017/08 07 09:08

Acting Assistant US Trade Representative for Africa Constance A Hamilton has said that the United States will continue to work on the issue of a petition challenging the decision by east African countries to ban used US clothing and footwear. A recent public hearing was an initial step to determine the veracity of the petition’s […]

Expert urges Nigerian garment exporters to boost trade

2017/08 01 06:08

Garment exporters from Nigeria need to establish their brands in order to boost trade, said Musa Rubin, consultant, USAID West Africa Trade and Investment Hub. He further said that as Nigeria is close to the US compared to Asia, it has a geographic advantage and the relatively low wage cost in Nigeria is also an […]