The President of the National Cotton Association of Nigeria, NACOTAN, Anibe Achimugu said the Nigeria texting sector is currently resuscitating as the value of exported cotton lint reached $64 million as of November 2022.
He stated this yesterday at the 1st Nigeria International Cotton Summit and Expo 2023 in Abuja organised by the association in collaboration with the Federal Ministry of Industry, Trade and Investment with the theme “Revamping the Cotton Value Chain.”
“The interventions of the CBN in the cotton and textile value chain are the reason why we are here today. These interventions have made it possible for us to increase production from 80,000 metric tons to 133,000 metric tons and also increase the number of factories in operation from seven to twenty-three.
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