Nigeria Promotes Cotton Textile Industry To Promote Employment

In 1980,

The cotton spinning industry reached its peak, but it didn't last long.

Recently, cotton textile industry has been upgraded in order to promote employment.

The Ministry of industry, trade and investment held a review and Development Conference on the implementation of the policy on cotton, textiles and clothing (CTG), and Aisha Abubakar, Minister of state for Industry and trade, 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.

To revitalize

In December 17, 2014, the Federal Executive Committee approved the CTG policy of revitalization, and then established the CTG Executive Committee to carry out the relevant work, and the policy was formally implemented in January 20, 2015.

The chairman of the CTG Committee said that there were problems in the implementation of CTG policy.

Smuggling, power supply shortage, lack of industry standardization and low output of cotton.

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.

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 employment increased from 650 thousand to 1 million 300 thousand.

If the industry can be revitalized, Nim will witness the reduction of textile and clothing imports and save nearly 2 billion dollars of foreign exchange resources for Nigeria.

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According to the international textile industry monitoring organization, with the lifting of economic sanctions against the Burmese economy in western countries, international garment enterprises have strong interest in investing in Burma. Burma's garment industry will develop rapidly in the next five years. It is estimated that the export volume of Burma garment industry will reach US $12 billion in 2020 and 1 million 500 thousand people from related industries.

Reported that the garment factory is mainly located in Yangon, only in 2015 a year to create 200 thousand jobs.

Some economists believe that Burma is in a long-term trade deficit, so garment processing industry is very important to promote Burma's economic development.

Although there are still shortages of skilled workers, inadequate electricity supply and high infrastructure construction costs, Burma's good economic prospects are an important factor in attracting foreign investment into the garment industry.