Industrial Cluster: Entering The Oshodi Fabrics Market In Nigeria

Nigeria is one of the ancient countries in Africa. Lagos is its economic and financial center. Before 1991, Lagos was the capital of Nigeria. The oshodi fabrics market in Lagos is a professional textile market in Lagos. To this end, the report team of global textile network specially plans "global textile market". This issue will take you to Lagos oshodi fabrics market to learn about the textile industry in Africa.

Lagos
The Federal Republic of Nigeria is the most populous country in Africa and the largest economy in Africa. It is located in 6 ° 27 ′ N and 3 ° 24 ′ e. it is located in the southeast of West Africa and the peak of the West Bank of the Gulf of Guinea.
Lagos, located in the southwest of Nigeria, is the largest city in Africa. The sunshine is bright all year round, the coast is near the lake, and it is near the equator but not hot. Palm whirling, coconut trees swaying, green trees, green water, fish and gulls flying, known as Venice of Africa.

Analysis of Nigeria textile industry
Nigeria is the largest economy in Africa and once had a booming textile industry. During the golden period of 1985-1991, the annual growth rate of the textile industry was 67%. In 1991, there were more than 350000 employees in the textile industry, accounting for 25% of the total number of manufacturing workers in Nigeria. At that time, there were about 180 textile mills in operation.
However, due to unstable power supply, high financing costs and outdated production technology, all textile mills have been closed except 25 textile mills which are still in operation. In 2009, the Nigerian government set up a 100 billion naira textile and clothing intervention fund, which was allocated to the textile companies in Nigeria at the interest rate of 6%, in an effort to revitalize the textile industry.
In terms of labor advantages, power development prospects and raw material advantages, Nigeria's textile industry still has great potential. "The progress we've made in our business is that we now have our own pattern designers who can draw designs and send them to China to make textiles and send them back to us," said ismaila Abdullahi, a textiles trader According to statistics, Nigeria spends about US $4 billion on the import of textiles and clothing every year, and it is estimated that the population of Nigeria will exceed 200 million, and the domestic market demand is huge.
According to merchants who often visit Nigeria: "Now the better ones are relatively cheap, solid color, printed fabrics. The local people regard red and black as bad luck, and wear these two colors less. They also open a home base similar to IKEA, and import hundreds of thousands of dollars of curtain cloth from Keqiao, Zhejiang Province, China every year. In addition, before going to Africa, you need to go to the vaccination center 10 days in advance to get yellow fever and other vaccines , get a small yellow book: vaccination or preventive measures international certification. "
Oshodi fabrics market - specialized textile market in Lagos:
Oshodi fabrics market is located in Lagos Island, it is a professional textile market, selling all kinds of tapestries, blankets, carpets and various fabrics, curtains, clothing and so on. People like the oshodi fabrics market, which is open all year except Sundays and Nigerian statutory holidays.

Market details: oshodi fabrics market, oshodi Rd, orile oshodi, Lagos, Nigeria

Textile City enterprises enter Africa

After the establishment of the Forum on China Africa cooperation in 2000, bilateral trade began to expand, which provided an important platform for collective dialogue and effective practical cooperation mechanism between Nigeria and other African countries and China. Nigeria has been paying close attention to China's "belt and road" initiative and has strengthened its cooperation with China through this initiative. In recent years, the economic and trade development between China and Nigeria has entered a fast track. Nigeria is China's third largest trading partner and second largest export market in Africa.
In recent years, China Light and textile city has actively responded to the initiative, vigorously carried out the "Silk Road Keqiao · full of the world" exhibition action, encouraged the enterprises of the textile city to go out to seek business opportunities, explore the international market, and enhance the brand image of Textile City Enterprises and the international influence of textile city.
On November 4, 2019, Keqiao District Bureau of Commerce and Zhejiang China Light and Textile City Group Co., Ltd. organized for the first time a group of Keqiao enterprises to Africa, led by the global textile network, online Textile City and e-textile exhibition, 19 Keqiao district enterprises formed a "Keqiao International Textile City Exhibition Group" to Nigeria to participate in the 33rd Lagos international trade exhibition lasting for 4 days, At the exhibition, the service mode of "enterprise order, government group purchase and package Exhibition" was tried out for the first time. In the way of "unified organization, unified exhibition arrangement and unified publicity", Keqiao Textile products and regional brand image were promoted as a whole to help Keqiao enterprises to explore the emerging markets in Africa. In addition, the whole tour also visited Nigeria and Ethiopia, two major emerging markets in Africa, and visited a series of business docking activities such as Ethiopia textile industrial zone and Ethiopia international textile exhibition.
Africa has low manufacturing costs, a young population structure, rapid economic growth, and strong demand in emerging markets, which is more suitable for the development of textile industry with more employment. The huge industrial complementarity makes Keqiao's trade with non textile industry keep rising rapidly in recent years.
Through the "Silk Road Keqiao · all over the world" overseas tour exhibition of China Textile City, it not only helps Textile City Enterprises "go out" to find cooperation opportunities, but also has a deeper contact with the African market, so as to increase the driving force for Textile City enterprises to explore the African market.

By the time of publication, the new outbreak in Nigeria was still ongoing. In view of the severe and complex situation of the epidemic situation in Nigeria and the huge threat of the new coronavirus mutant in Nigeria, the global textile network reminds business travelers to take more precautions.
(by Dahui)