Nigeria Upgrade Cotton Textile Industry To Solve Employment Problems

The Ministry of industry, trade and investment

CTG, executive secretary of the Ministry of industry and trade, Abubakar attended the meeting.

She regretted pointing out that the Nissan textile industry reached its peak in 1980, when the cotton processing plant reached 175. With the change of the economic environment, the industry gradually declined. At present, only 30 enterprises exist, and 145 enterprises are wither away.

The current national employment and economic situation has pushed the industry to revitalize and develop.

In 1980, Nigeria's cotton textile industry reached its peak, but it didn't last long.

Recently, in order to promote

And upgrading cotton textile industry, hoping to reinvigorate.

If the industry can be revitalized, Nim will witness the decrease in textile and clothing imports and save nearly 2 billion dollars for Nepal.

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In order to revive the cotton spinning industry, in December 17, 2014, the Nigerian Federal Executive Committee approved the CTG revitalization policy. Then the CTG Executive Committee was set up to carry out relevant work. The policy was formally implemented in January 20, 2015.

CTG revitalization policy planning, the government from 2015 to 2020 invested 255 billion (1 billion 280 million U. S. dollars), repositioning the industry as the second major labor intensive industries to solve the employment problem, the level of employment in the industry increased from 50 thousand in 2015 to 100 thousand in 2017, and the number of indirect jobs outside the industry increased from 650 thousand to 1 million 300 thousand.

The chairman of the CTG Committee said that the problems faced in the implementation of CTG policy were the shortage of funds, smuggling, power supply shortages, lack of industry standardization and low cotton production.

Regarding the smuggling problem, the Nigerian government is taking coercive measures, and through diplomatic channels, seeks the support of neighbouring governments for Nepal's smuggling of cotton textiles smuggling and striving for a reduction of 15% in smuggling cases during the year.

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Learned from China Textile Industry Federation, the development of China's textile and garment industry is facing six major changes.

The first is fierce competition and low market.

Under the background of global demand downturn, the rapid development of the developed countries in Europe and the United States and the emerging countries such as India and Vietnam make the textile industry's international competition more intense.

Secondly, the procurement pattern is gradually dispersed.

In recent years, China's share of the three major markets in the US, Japan and Europe has been declining, and the trend of international procurement decentralization is beginning to show.

Three, the dividend of globalization has been reduced.

Globalization dividends are being diluted with the rapid growth of regional trade agreements.

The four is the pformation of China's domestic market.

Market demand began to shift from attention product to attention experience, and from urban market to urban market.

The five is the rapid rise of the Internet economy.

China's huge scale of network economy has provided market potential and innovation platform for the textile industry, and new modes and formats of industries such as share economy are emerging.

Finally, the market potential is constantly improving.

The general improvement of residents' income, the deepening of the urbanization process and the rapid rise of the middle and high income class have great potential for the development of China's textile industry.

The China Federation of textile industry emphasizes that innovation should be the first driving force for the development of the whole industry in the future. It is committed to structural adjustment, technological innovation, green development and industry growth.