The Central Bank of Nigeria #CBN has held a meeting with stakeholders in the country’s Cotton, Garment and Textile sector with a view to resuscitating the industry.
Governor of the CBN, Mr Ifeanyi I. Emefiele, commended stakeholders for their relentless commitment to the collective efforts at resuscitating the Cotton, Garment, Textile #CTG sub-sector in Nigeria.
According to Mr Emefiele, the textile industry in Nigeria today is capable of an average output of between 150,000MT and 300,000MT with a ginning capacity of 650,000MT at 80% capacity utilization. #Emefiele
“The CBN is on a journey to resuscitate the #CTG sector with a plan to increase cotton production, capacity of ginneries and textile companies in the country.
“…Attain self sufficiency in cotton production and create jobs, while enhancing the skills of Nigerians across the value chain of cotton production”, Emefiele said.
#CBN holds Cotton, Textile and Garment sector stakeholder’s engagement geared towards resuscitating the sector. #CTG
— Central Bank of Nigeria (@cenbank) June 3, 2021
Amaka E. Nliam
