Managing Director of Arewa Cotton and Allied Products Ltd., Anibe Achimugu, has revealed that Nigeria imports an estimated $4 billion worth of cotton, textiles and garments annually, warning that the trend is crippling local production and threatening jobs across the value-chain. Achimugu, who also serves as President of the National Cotton Association of Nigeria (NACOTAN), made the disclosure during an interview on television yesterday. He attributed the decline of Nigeria’s cotton, textile and garment (CTG) sector to smuggling, high production costs and inadequate power supply, which have forced many textile…
Read More“Nigeria imports $4bn worth of cotton, textiles annually” — Arewa Cotton CEO
