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    MarketForces Africa » MarketForces News » Federal Government to Revive Textile Industry- Minister
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    Federal Government to Revive Textile Industry- Minister

    Julius AlagbeBy Julius AlagbeFebruary 12, 2025Updated:February 14, 2026No Comments3 Mins Read
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    Federal Government to Revive Textile Industry- Minister
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    Federal Government to Revive Textile Industry- Minister

    The Federal Government has pledged its commitment to revive the textile industry, its value chains, as well as promote made in Nigeria goods. Minister of State for Industry, Trade and Investment, Sen. John Enoh made the pledge on Wednesday in Lagos, during his visit to Sunflag Nigeria Ltd., on a three day industrial tour.

    Enoh noted that key agendas of the President Bola Tinubu’s administration, included economic growth, through manufacturing and job creation. The minister said that several years ago, the textile industry, competed almost fairly with government, in terms of employing Nigerians.

    He commended the textile company for weathering the storms the country had faced, through the years, and assured that the current government was committed to development of the sector.

    “When you say that about two million jobs can be created, that is a bit conservative, and when you talk about 300 containers coming into this country and not officially accounted for, that is not right, and would be addressed.

    “The next door country, Benin Republic have a flourishing textile garment industry, and their target is the Nigerian market.

    “I have the immediate mandate, in terms of the programme of the ministry, to promote made-in-Nigeria goods and services, and my visit here is to assure you that this is a government that is going to, and is able to change this situation of things,” he said.

    Mr Alok Bhardwaj, Managing Director, Sunflag Nigeria Ltd., said the company made use of everything Nigerian; from its people to cotton, wool, threads and yarns, in its production processes.

    He noted that the industry, between 1985 to 1990, had 250,000 employees, with more than 250 companies, producing textiles in Nigeria, and today, had dropped to close to 10,000 employees.

    “You would be surprised to know that we import $6 billion every year of textiles into Nigeria, and Nigeria consumers by doing that, employs 750,000 Chinese and Indian workers in their countries to clothe ourselves,” he said.

    Bhardwaj noted that threats facing the textile industry include the smuggling of second hand clothing into the country, which he said, affected the tailoring end among others, of the textile value chain.

    According to him, close to one million five hundred thousand Nigerian tailors were affected because of the amount of second-hand clothing, coming into the country unabated.

    He called for a level playing field that will put Nigeria goods first, to uphold and protect the country’s manufacturing industry.

    “The employment of our people has a multiplying effect in the economy, and to achieve the growth targets of government, it is very important that we employ our people to do our things for ourselves,” he said. #Federal Government to Revive Textile Industry- Minister

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    Julius Alagbe
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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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