Related Keywords: Cheap imported fabrics, compete with Chinese imports, facing financial crunch, government intervention, made in Nigeria products, Nigerian textile sector, power cuts, revive textile industry, rise in production costs
The Nigerian textile sector is facing a huge financial crunch as it is unable to prove its competitiveness. Although several factories have benefited from a $500m government intervention to revive the country's textile industry, according to manufacturers monetary support alone will not fix the problem.
Saidu Dattijo Adahama of Adahama Textiles said that they not only need the financing but also the electricity supply which is still below 20 percent.
