June 22, 2024
Industry

Nigeria Attracts $3.5bn Investment In Textile & Apparel Sector

Nigeria’s Minister Of Industry, Trade And Investment Doris Uzoka-Anite said the government has attracted US $3.5 billion investment to boost the textile and apparel industry.

Uzoka-Anite said this while sharing the sectoral report on the government’s first year in office.

She added that efforts are in place to optimise performance of the Nigerian textile and garment sector by partnering with development partners and the private sector.

“Nigeria’s textile and garment sector covers the entire textile value chain and has a strong potential for growth due to Nigeria’s largest market size,” the Minister stated.

According to the Minister, the industry has huge potential for employment of both skilled and unskilled workers and for attracting foreign direct investment and reducing poverty.

Nigeria established the Renewed Hope Job Centre in collaboration with the Small and Medium Enterprises Development Agency (SMEDAN).

It was set up to match available vacancies in industries or businesses with very good talent pools across the country and is available in both physical and digital versions.

“Currently, we are piloting it but so far have been able to match 4,000 people with various job opportunities,” she informed.

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