Related Keywords: First Bank of Nigeria, from china and India, help revive Nigerian textile industry, hopes relation between Nigeria and Turkey, influx of cheaper fabrics, Nigeria financial think tank, Nigerian textile and apparel industry, Turkey are currently visiting Nigeria, Turkey important cotton producer, underperforming, well developed domestic textiles
Nigerian textile and apparel industry currently under performing amid the influx of cheaper fabrics from China and India with about 30 operational textile mills running at an average of 40 percent of installed capacity, according to Nigeria financial think-tank, relations between Nigeria and Turkey could help revive the Nigerian textile and apparel industry.
Most manufacturers within the industry have cited the high cost of financing as a major hindrance.
