Nigeria'S Textile Industry Is Flooded With Backward Smuggled Goods.

Smuggled textiles occupy half of the domestic clothing market in Nigeria. The proportion of locally produced clothing accounts for less than 10% of the market. It can be said that most of the clothes on the Nigeria market are smuggled and imported.

Such rampant smuggling is really rare.

In the September 8th report, it was learned that:

The labor organization recently released data that the total value of textiles smuggled to Nigeria every year is more than 75 billion (Nigeria monetary unit, 1 yuan, or 25).

Nigeria textile administration said that because of the high cost of textile production in Nigeria, many businessmen secretly imported cheap textiles from abroad through various means, especially through smuggling and repeated prohibition.

The main reason for this phenomenon lies in the backwardness of Nigeria's infrastructure.

And other manufacturing industries lack of production equipment.

Moreover, due to the insufficient supply of electricity in Nigeria, the overall efficiency of textile production equipment is low, and the number of garments produced in China is very limited.

So the smuggling of textiles from abroad is rampant in the Nigeria market, and many textiles are fake and shoddy products.

In addition, due to the lack of government policy support and related industrial policy instability, Nigeria's domestic textile industry further declined in the first half of 2014.

It is reported that in 2010, Nigeria's textile industry had achieved good development results and created many employment opportunities for its domestic industry.

However, the textile industry began to decline in Nigeria in 2012.

At present, there are 25 textile production enterprises in Nigeria, employing only 24 thousand people, and the utilization rate of textile production equipment is less than 50%.

Smuggled textiles account for about Nigeria.

About 90% of the total share, it can be said that most of the textiles on the market in Nigeria were smuggled from abroad.

It is estimated that Nigeria imports an average of 300 billion Neila textiles annually, and the vast majority of imported textiles come from illegal channels of tax evasion and tax, causing about 75 billion Neila tax losses to Nigeria customs.

The huge tax evasion caused by such rampant smuggling is indeed an eye opener.