130 textile firms died to lack of power, finance, others – Emefiele

The Governor of Central Bank of Nigeria , Mr Godwin Emefiele has said that no fewer than 130 textile companies have died in the country in recent times due to some constraints.Emefiele made the statement during a courtesy call on Gov. Aminu Masari of Katsina State on Monday.

Emefiele said besides that, the ginners, spinners, and about one million farmers who were planting cotton as their source of livelihood also lost their jobs. According to him, CBN has held a lot of meetings with the farmers and other people along the value chain on how to achieve success.

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Emefiele: We’re Investigating Accounts of Individuals, Companies Involved in Smuggling of Textiles - THISDAYLIVESays probe being extended to 42 other items restricted from FOREX Violators names to be publicized, blacklisted by banks Governor of the Central Bank, Mr. Godwin Emefiele, has said the CBN is currently gathering data and investigating the accounts of individuals and corporates currently involved in smuggling and dumping textile materials in Nigeria. In his …
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