Nigeria needs to reclaim its textile and garment industry from smugglers, Emefiele said.
He said the committee would resuscitate the country’s cotton belt, identify textile clusters, improve cotton production nationwide and boost power supply to textile firms across the clusters.
The bank would also partner with the Nigerian Customs Service to curb smuggling of textile goods, ensure general reduction of cost of doing business by eliminating multiple taxation, and ensure zero per cent duty for machineries needed by the textile industry. (DS)
Special note: this information is from the globaltextiles,for reference only
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