Nigeria to revive textile industry, vice president tells ICAC mission

He assured the delegation about the government’s conscious efforts to harness opportunities in the cotton value chain, including ensuring that the country regains its ICAC membership.

The delegation was led by ICAC executive director Eric Trachtenberg, who said ICAC would tap into the potential of Nigerians.

“You have low-cost labour, you have market access to AGOA, and to the economic partnership agreements with the European Union, you have a lot of really talented people and very forward-leaning government officials,” he was quoted as saying by domestic media outlets.

At the meeting, comptroller general of the Nigerian Customs Service Adewale Adeniyi promised to tackle smuggling and support the revival of the textile industry.

Governor Babajide Sanwo-Olu of Lagos state, also a meeting participant, stressed on the need for Nigerians to patronise domestic cotton instead of imported ones.

Fibre2Fashion News Desk (DS)