In order to promote Made-in-Nigeria products and encourage the revival of the textiles industries in the country, the Nigerian Investment Promotion Commission (NIPC) has decided to work in close collaboration with the National Cotton, Textile and Garment (CTG) Policy Committee.
The executive secretary of the commission, Mrs Uju Aisha Hassan Baba, who met with the Sub-committee on Communication and Local Patronage of the CTG in her office this week stated that the NIPC will be not only promoting foreign direct investment (FDI), but will be also encouraging local direct investment (LDI) as it contribute to the growth of the economy.
The commission would partner with the committee to realize most of its initiatives to encourage and promote indigenous products as that would spur the creation of wealth and generate employment for the Nigerian youths.
The commission would strive in its marketing drive to seek for investors that would partner with Nigerian investors to resuscitate the ailing textiles industries in the country as there are wealthy Nigerians who if encouraged and guided properly will invest in their home economy rather than keep their money outside the country.
The Commission is already partnering with the state governors to promote agriculture in their various states in order to grow products like cotton that is the main raw materials for textiles and garments products.
NIPC has put in many strategies in place to realize its mandate of attracting and promoting investments into the economy.
The Chairman of the Sub-Committee on Communication and Local Patronage of CTG and Made – in – Nigeria products, Mr. William Iheanacho Otabil announced that as part of their initiative to propagate Made-in-Nigeria products, they have concluded arrangements to hold “Buy-Naija Dress Day; Buy-Naija Military and Paramilitary Patronage and Buy-Naija Schools Patronage, all aimed at patronizing Nigerian textile materials.
The CTG policy of the federal government which was inaugurated in December 2014, was envisioned to create a competitive cotton, textile and garment sub-sector capable of stimulating and supporting sustainable value addition along the entire CTG value chain.
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