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The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele says more than N100 billion is needed to revive Cotton, Textile and Garment (CTG) sub-sector. Emefiele said this while speaking with newsmen after signing ceremony of Memorandum of Understanding (MoU) with some critical stakeholders at the sub-sector in Abuja on Tuesday. READ ALSO:
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Emma Ujah The Governor of the Central bank of Nigeria (CBN), Mr Godwin Emefiele, at the signing of the Memoranda of Understanding (MoU) in Abuja, yesterday has described the “historic” deal involving the nation’s cotton farmers, textile companies and the military. The first MOU was between the National Cotton Association of Nigeria (NACOTAN) and Ginning
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The Raw Materials Research and Development Council (RMRDC) has allocated 3,000 tons of improved cotton seeds to Gombe cotton farmers free, an official has said. Mr. Kari Tula, the acting state coordinator Raw Materials Research and Development Council, RMRDC made this known in Gombe on Wednesday during an inspection visit to cotton farms in Yamaltu
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The Central Bank of Nigeria (CBN) says its current effort to revive Cotton, Textile and Garment (CTG) industry is targeting at engaging 300,000 farmers to achieve 450,000 metric tonnes of cotton in 26 states in the next three years. The CBN Governor, Mr Godwin Emefiele, disclosed this at a meeting to brief some state Governors
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The Kaduna State Chamber of Commerce, Industry, Mines and Agriculture (KADCCIMA) says increasing cotton farming is the first step towards reviving local textile companies in the country.
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President Muhammadu Buhari, Friday, in Abuja, pledged the commitment of his administration to revive the ‘good old days’ when the cotton and textile industry employed hundreds of thousands of Nigerians.
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The Minister of Industry, Trade and Investment, Mr Okechukwu Enelamah said on Tuesday that Nigeria has signed a Memorandum of Understanding (MoU) with a Chinese firm, on first-ever cotton value chain industry, worth two billion US dollars.
Read More A group called Health of Mother Earth Foundation, HOMEF, has expressed worry over the proposed release of Bt Cowpea and Bt Cotton seeds before the end of 2018 in Nigeria.
Read More COTTON farmers in Nigeria have accused China over collapse of textile industries in the country following contraband textile materials smuggled and labeled made in Nigeria that have flooded the market.
Read More The Federal Government says it will exploit potential in the cotton sector by empowering producers to enhance their productivity.
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