THE Minister, Industry, Trade and Investment, Adeniyi Adebayo has decried the over $4billion bill import bill incurred yearly on textile and apparels, assuring that the government is addressing the challenges facing the cotton industry to create jobs for Nigerians.
The Minister stated this during a visit by the National Cotton Association of Nigeria (NACOTAN) in Abuja, stating that the industry has the capacity to transform Nigeria’s rural economy and revive the textile and garment industries by creating over two million jobs.
The revival will also improve internal revenue across the three tiers of government, reduce $4.0 import bill incurred on textile and apparel, earn foreign exchange and make Nigeria a global player in the sector…
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News Archive from before July 2018