Nigeria Imports 261 Billion Textile Raw Materials Every Year.

Nigeria Spin The NTMA said that the country spends 261 billion billion dollars a year to import textile raw materials.

This resulted in the decline in the number of local textile companies from 250 to less than 10.

Jaiyeola Olarewaju, general manager of Nigeria Textile Manufacturers Association, said textile trends and Asian countries Imported Cheap and unqualified fabrics have sent billions of nations to the country.

Olarewaju said the textile sector in Nigeria is stagnant, which is attributed to the smuggling situation of cheap textiles, which has led to the competition of the local Ministry of industry and the higher production costs of local products.

Olarewaju said that all kinds of local variant fabrics from China are produced and exported to West African countries. These fabrics are made in Nigeria or labeled with "made in Nigeria".

In the dismissal of some port organizations, Olarewaju said that the government should take a cautious attitude on this issue, and proper policies will protect textile manufacturers. interest The inspection of loose textile imports should be conducted.