Minister of Industry, Trade and Investment, Doris Uzoka-Anite, disclosed this while reviewing the activities of the ministry in the last one year, adding that about $3.5 billion investments were secured within the period to rejuvenate the moribund sector.
Uzoka-Anite stated: “The Ministry is developing a resurgence plan for the Nigeria cotton, textile and apparel industry in partnership with development partners and private sector players. We have attracted $3.5 billion to unlock the textile, cotton and apparel industry. “This industry is one of the top contributors to the manufacturing sector of the economy with huge potential for employment for both skilled and unskilled labour with extensive capacity for generating export earnings and attracting foreign direct investment, therefore reducing poverty.”