Business
FG, Stakeholders Seek Revival Of Textile, Garment Industries
Patronage of made- in-
Nigeria products by Nigerians is important and can contribute to the revival of the cotton, textile and garment industries, a goal of the present federal government.
The Vice President, Prof Yemi Osinbajo made this known while speaking during a meeting with industry stakeholders and members of the Implementation Committee on the National Cotton. Textile and Garment Policy at the Presidential Villa, recently. He emphasised on the need for Nigerians to patronise indigenous products.
“Nigerians buying Nigerian products is very important and it goes beyond the symbolism of wearing Nigerian made dresses. It is important for our economy and wellbeing”, he sid.
According to him, members of the Implementation Committee comprising both government officials and industry stakeholders had earlier highlighted a number of strategies for the revival of the cotton, textile and garment industries inclusive of the promotion of Nigerian made dresses among others.
Osinbanjo further hinted that the committee is proposing a”Wear Naija Day”. Where public officials and employees of corporate organisations would all wear locally made fabrics.
The vice president disclosed that the federal government through the Ministry of Industry, Trade and Investment had articulated a new policy to revamp the industries through a number of interventions including battling smuggling in order to attain a 15 per cent reduction by next year, facilitating access to funding for the sector, addressing the challenges of energy, lifting the ban on importation of finished products and using duties and levies raised therefore to support the industries, among several other strategies.
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