Textile Revival Needs Structural Reforms, Not Bailouts – Manufacturers

The Manufacturers Association of Nigeria (MAN) has urged the federal government to abandon short-term bailout measures and instead implement far-reaching structural reforms to revive the country’s struggling textile industry, saying such reforms could transform the sector into a major source of jobs and foreign exchange earnings.
The association argued that despite over a decade of intervention funds, including the Central Bank of Nigeria’s Cotton, Textile and Garment (CTG) Policy and the N100 billion Real Sector Support Facility, the textile industry has continued to operate below capacity because the fundamental challenges facing manufacturers remain unresolved.
Director-General of ...