Tag: Textile

“Lekki Textile capable of generating 5,000 direct, 20,000 indirect jobs” – NEPZA MD

Aminu Imam
NEPZA

Lekki Textile and Garment Special Economic Zonem project located in the Eyin-Osa area of Epe, Lagos State will generate 5,000 direct and over 20,000 indirect jobs when operational. Managing Director of Nigeria Export Processing Zones Authority (NEPZA), Dr Olufemi Ogunyemi made this known over the weekend, while disbursing cash compensation to the seven Eyin-Osa families that contributed the 240.09 acres of land for this Federal Government project. According to the statement issued by NEPZA Head, Corporate Communications, Dr. Martins Odeh, Ogunyemi said the community would be continually regenerated, adding that…

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FG seals $3.5bn deal with Afreximbank for textile industry, CNG vehicles, other Initiatives

Aminu Imam
FG Afreximbank

The Federal Government has announced a $3.5 billion agreement with Afreximbank to enhance the textile industry and promote the use of Compressed Natural Gas (CNG) vehicles, among other initiatives. The Minister of Industry, Trade and Investment, Doris Uzoka-Anite, who made this disclosure in a statement on X on Tuesday, said the deal was signed with the international financial institution during 31st Afreximbank Annual Meeting in Nassau, The Bahamas. She stated that the agreement will help realise President Bola Ahmed Tinubu’s vision for a diversified and prosperous Nigerian economy. She said,…

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Textile industry, critical in addressing nation’s unemployment – President

Abdul-Azeez Ahmed Kadir

The National Union of Textile Garment and Tailoring Workers of Nigeria (NUTGTWN) says textile industry remained critical in addressing the nation’s current unemployment challenge. Its National President, John Adaji, made the disclosure at a news conference on Friday in Lagos. Adaji said the vision of President Muhammadu Buhari to create 100 million jobs was realisable, if the nation’s textile industry was fully revived. “The Nigerian Cotton Textile and Garment sector alone has the capacity to create more than five million jobs. “Also, it will improve internally generated revenue; reduce over…

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