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Nigerian govt to revive its CTG industry mulls production hub, tax incentives

Related Keywords: active participation of the private sector to boost production, Africa Fashion Week Nigeria, Mrs Aisha Abubakar, mulls production hub, Nigerian Minister of State for Industry, offer tax incentives, promote the ease of doing business, revival of cotton, sustainable economic development, textile and garment industry, trade and investment

The Nigerian Minister of State for Industry, Trade and Investment, Mrs Aisha Abubakar, at the Textile and Garment Manufacturing Conference organized by Africa Fashion Week Nigeria (AFWN) 2016 in Lagos unveiled plans to create a production hub and offer tax incentives for the revival of the cotton, textile and garment industry for sustainable economic development.

Abubakar said that the government remains passionate about promoting growth in the industry and across its value chain.

Nigeria spent about N4b on importation of jute bag in 2015

Related Keywords: a window of opportunity, ajia Aisha Abubakar, disclosed Nigeria spent about $20 million, Government keen on developing the commodity, importation of jute bags, inspite potential of becoming net exporter of jute bags, Investment in kenaf, Kenaf an herbaceous plant, Nigerian Minister of State for Industry, trade and investment

The Minister of State for Industry, Trade and Investment, Hajia Aisha Abubakar at the inauguration of the Kenaf Producers, Processors and Marketers Association of Nigeria in her office on Tuesday in Abuja disclosed that Nigeria spent about $20 million (about N4 billon) on importation of jute bags in 2015.

She said the importation was in spite of the country’s potential of becoming a net exporter of jute bags and other derivatives of kenaf. Kenaf is an herbaceous plant with a wide range of food and non-food derivatives, which grows annually or biennially.

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