Related Keywords: address myriads of challenges, creation of Special Economic Zones, Federal Government of Nigeria, help spur economic development, move in collaboration, organized private sector, reviving Textile and Garment industry, SEZ, textile manufacturers
The Federal Government of Nigeria with the creation of Special Economic Zones (SEZ) is thinking towards reviving the Textile and Garment industry, which would first address the myriads of challenges faced by textile manufacturers in the country.The move will be a collaboration with the organized private sector and it is hoped that it will help spur the nation’s economic development, according to Vice President Yemi Osinbajo,
Currently, stakeholders estimate over $1.4 billion in new investments to revive the textiles sector in Nigeria, which is expected to provide over 500,000 jobs.
