Nigeria attracted $3.5bn investment to unlock textile industry, says minister

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Doris Uzoka-Anite, minister of industry, trade and investment, says the federal government has attracted $3.5 billion to boost the textile and apparel industry.

Doris Uzoka-Anite, the minister of industry, trade and investment, says the federal government has attracted $3.5 billion to boost the textile and apparel industry.

The minister said efforts have been put in place to optimise the performance of the Nigerian cotton, textile, and apparel industry in collaboration with development partners and private sector players. industry covers the entire clothing value chain and has a strong potential for growth, availability of cotton and the country’s largest market size,” Uzoka-Anite said.“This industry is one of the top contributors to the manufacturing sector of the economy with huge potential for employment of both skilled and unskilled labour and with excessive capacity for generating exports early and attracting foreign direct investment and therefore reducing poverty.

 

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