Minister of Industry, Trade and Investment, Doris Nkiruka Uzoka-Anite, has announced that the Federal Government attracted a $3.5 billion investment capital to unlock the textile industry. 

CBN Okays N50bn Revival Fund For Textile Industry     The Central Bank of Nigeria (CBN) has announced N50 billion special mechanism funds to revive the ailing textiles industry. The funds to be administered by the Bank of industry (BoI) at 4.5 per cent interest rate will use...

Investor Stakes N50bn On Textile Industry Revival   In furtherance of the federal government policy directing military and para-military personnel to source their uniforms locally, a cotton processor, Mrs. Ololade Adeneye, has disclosed that N50 billion has been earmarked to set up gunnery plants in Oyo,...

PMB’s Midas Touch to Revamp Textile Industry By Musa Ilallah   To start with, Cotton as a major cash crop is of considerable social and economic importance to Nigeria. Cotton and Textile activities are widespread in the country. Cotton farming and production dates back to 1903 with...

CBN And Textile Industry Revival The Central Bank of Nigeria’s (CBN’s) recent strategic move to revive and grow Nigeria’s cotton, textile and garments economic sector and to improve domestic production of cotton from about 80,000 tonnes in 2018 to 300,000 tonnes by 2020, is one...

CBN Blocks Smugglers’ Accounts In Textile, 2 Other Industries The Governor, Central Bank of Nigeria, Godwin Emefiele, has said the bank has blocked the accounts of some smugglers sabotaging Nigeria’s economy in the textile, rice and palm oil industry. Emefiele said this, during an interview at...