Textile industry in doldrums 15 years after N100 billion investment by govt | The Guardian Nigeria News - Nigeria and World News

  • 📰 GuardianNigeria
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 94%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

Despite sinking N100 billion through the establishment of the Cotton, Textile and Garment (CTG) fund by the Federal Government in 2008, the industry has remained comatose.

Speaking at a policy dialogue on sustainable industrialisation and employment in Nigeria organised in collaboration with the Friedrich Ebert Stiftung in Abuja yesterday, the President of the National Union of Textile Garment and Tailoring Workers of Nigeria , John Adaji, also blamed policy somersaults and smuggling as the main challenges militating against the revival of the sector.

Though he admitted that while some of the policies had brought succour to the industry in the past and that rather than strengthen and sustain some of the policy measures, the industry has witnessed an uncritical reversal of policies by successive governments. He said the organised labour movement is worried about the precarious situation of the manufacturing sector in Nigeria particularly as it affects the textile industry and its implication for members’ welfare, jobs and employment in general.

Adaji maintained that the government needs to take urgent steps to review its policies and consider tax waivers for textile-based industries to encourage investment and encourage fair competition.

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

If government creates the enabling environment for businesses to thrive, they won't need to spoonfeed them.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 1. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen