The Federal Government is developing a resurgence plan for the cotton, textile and apparel industry in collaboration with development partners and the private sector.
Minister of Industry, Trade and Investment, Doris Uzoka-Anite, disclosed this on Sunday while reviewing the activities of the ministry in the last one year
She said about $3.5 billion investments were secured within the period to rejuvenate the moribund sector.
Uzoka-Anite noted that the textile sector encompasses the complete clothing value chain in Nigeria, adding that investment in the textile industry will generate employment for both skilled and unskilled labour across the country.
Nigeria’s textile industry has struggled over the years despite the country’s huge market potential for cotton production.
It was an industrial hub for textile production in the 1970s and 1980s, boasting about 180 textile mills, and employing more than one million Nigerians.