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Central Bank'S Intervention In Nigeria'S Textile Industry
According to Nigeria's "new telegraph" reported on November 18th, Nigeria central bank recently disclosed that in order to revitalize Nigeria's textile industry, Nissan plans to put 100 billion Nai LA to the textile industry, and has now put 50 billion Nair.
Godwin Emirfiel, governor of the central bank, said that under the executive order of President Buhari, military and paramilitary institutions must purchase uniform fabrics at home.
Not long ago, the central bank stopped settlement of imported textiles and palm oil.
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