The Governor of the Central Bank of Nigeria, (CBN), Godwin Emefiele, says the Bank aims at empowering the cultivation of 80, 000 hectres of cotton in 2021.
Emefiele made this known yesterday, in a series of tweets on CBN official handle, while commending stakeholders in the Cotton, Garment and Textile (CTG) sector for their efforts to resuscitate the sector for economic growth.
According to the apex bank’s boss, this will be with an average output of 120, 000 metric tonnes at 1.5 metric tonnes per hectre.
He said that the textile sector was capable of creating jobs and improving the governments revenue drive if made to operate optimally.
He further said that CBN was on a journey to resuscitate the sector with a plan to increase cotton production, the capacity of gunneries and textile companies in the country.
The stakeholders, representing different associations within the sector also commended the apex bank for its support and commitment toward growing the sector.
