Related Keywords: curb smuggling of textile material, electricity supply, formuation of protectionist policy, losing revenue in taxes, Nigerian Textile industry, raw materials, textile revival intervention fund, urge government
Nigerian textile industry urging the government to find a win-a-win solution to curb the smuggling activities of textile materials into the country due to which the economy is losing so much in terms of revenue in taxes.
Also as a result of the smuggling activities, the 100b textile revival intervention fund introduced by the federal government will not be able to achieve much. The cost of manufacturing textiles in Nigeria is too high, allowing room for cheap foreign goods to be imported.
