26 Apr '25
(Fibre2Fashion News Desk (DS): Nigeria’s National Economic Council (NEC) recently approved creation of a Cotton, Textile and Garment Development Board to revive the textile industry.
Imo state governor Hope Uzodinma announced this after the 149th NEC meeting in Abuja, chaired by the country’s Vice President Kashim Shettima.
Insights
Nigeria's National Economic Council has approved creation of a Cotton, Textile and Garment Development Board to revive the textile industry.
The board will operate as a public-private partnership and will be funded by import levies on textiles.
Regional offices of the board will open across the six geopolitical zones.
It will enhance local production, reduce import dependence and create jobs.
The board will operate as a public-private partnership, with a chairman from the private sector. It will be funded by import levies on textiles. Regional offices of the board will open across the country’s six geopolitical zones. It will enhance local production, reduce import dependence and create jobs, according to domestic media reports. (Source: Fibre2Fashion.com)