Stakeholders have urged the federal government to take proactive steps to address the binding constraints affecting the production of local and textile mill industries, while reiterating the need to improve their competitiveness and enhance their contribution to the gross domestic product (GDP).
Analysts expressed concern that government initiatives aimed at reviving the textile sector through fiscal incentives and monetary interventions had yet to yield significant results.
They equally noted that the federal government’s assurances of a comprehensive resurgence plan for the cotton, textile, and apparel industry, being developed in collaboration with development partners and the private sector, had not yet translated into visible progress.
The minister of State for Industry, Trade and Investment, John Enoh, had recently reiterated the federal government’s commitment to revitalising the textile industry and its value chain, while also pledging more substantial efforts to promote Made-in-Nigeria goods.
