anonimi:


Have you heard of Olusegun Aganga involved in the politics of his state?
Or Okonjo-Iweala?

These are two ministers who are primarily responsible for the policies that are reviving our industries such as textiles where workers received 35% salary increase in the last four years in addition to expanding production. Ditto for vehicle assembly plants that are returning here as well as expanded locally manufactured cement supply leading to price reduction.

GMB's two year MAXIMUM rule was a complete disaster on the economic front:


www.nairaland.com/attachments/2094393_image_jpeg9f360c5ab7736510df54c882e9dbf188

The Guardian 15 March 1985


www.nairaland.com/attachments/2095210_worst_jpeg588f192a23aa02a7b350a8bbe5d18306

Please note dates in bold. Kind of contradicts your version?

http://www.thisdaylive.com/articles/nigeria-s-textile-industry-on-a-rebound-/148696/

Crusoe Osagie looks at the textile industry since the 1980s and states that from a near-comatose state between 2000 and 2007, the sector may slowly be returning to consciousness

For the textile industry in Nigeria, it has been a shade of tales. From a boom to a collapse and now glimmers of hope appear again in the textile horizon.

In the mid-1980s, functional textile mills in the country numbered around 180. Employing about a million people, it accounted for over 60 per cent of the textile industry capacity in West Africa, empowering million of households across all geopolitical zones of Nigeria.
The story soon changed and the sector took a massive dive into an industrial abyss. At a point during the crisis in the sector, from about 180 thriving textile companies, the number came down to almost zero, with textile giants like United Nigerian Textile Company bowing to the pressure imposed by a profoundly mean operating environment.

The Obasanjo administration came, made promises to resuscitate the sector, but all the promises to the near comatose sector, including a commitment to bail out the sector with N70 billion at that time, ended up as mere charade and political statements.

Turnaround Phase
However, since Olusegun Aganga took over as Minister of Industry, Trade and Investment, there has been a rebound in the sector. If a stakeholder is asked the question: “Has the sector arrived finally at the former position of pride and glory?” The answer will be an emphatic no. But it cannot be denied that a steady ascension has become noticeable in the sector.

In 2009, the number of functional textile mills in the country had risen to 25. Although they were not producing at maximum capacity, their production lines were turning again and people were returning to work.
Data from the Manufacturers’ Association (MAN) showed that capacity utilisation in the surviving mills stood at 29.14 per cent in 2010 and 49.70 per cent in 2011.
The textile sector, which is a major contributor to the overall increase in industrial capacity utilisation, had its capacity utilisation rise to 52 per cent due largely to the Cotton and Textile loan, which was disbursed to more than 50 textile companies at six per cent interest rate.

The recent initiative by the Trade and Investment Ministry to enhance the revival of the textile industry through reinvestment of a 20 per cent levy on imported textile is another major step taken to reposition the industry on the path of sustainable growth.
Minister Aganga said the idea behind the levy is to promote the development of the textile sector, as boosting local production is the major objective of the ministry.
“We must diversify our economy by industrialising our country, and one of the areas we are focusing on within the next four years is the development of the textile sector as part of our industrialisation plan,” he added.

Checking a Decline
The textile industry in Nigeria rose to become the largest in Africa after Egypt, with over 250 vibrant factories operating above 50 per cent capacity utilisation. Then, the local textile market had a share of about 20 per cent of Nigeria’s textile products, with the balance of 80 per cent being imported.
Sadly, this sector, which generates about $2 billion annually for the country across the value chain, suffered the decline which government is now trying to deal with.
The collapse of the industry was driven largely by smuggling at the borders, failed government policies, high costs of doing business arising from prohibitive raw materials, energy cost, and a plethora of challenges which plagues the investment climate in Nigeria.

A report by the United Nations University (UNU) pointed out that in 1987, there were hundreds of textile firms in the country, operating 716,000 spindles and 17,541 looms. This was the golden period of Nigeria’s textile industry. Between 1985 and 1991, it recorded an annual growth of 67 per cent, and as at 1991, it employed about 25 per cent workers in the manufacturing sector.
It is not often remembered that it is the problem of infrastructure and competition that led to the sordid state. The government made a fundamental mistake by pushing Nigeria into the World Trade Organisation (WTO) at a time when the country’s industrial base was still very weak.

In 1995, WTO adopted Agreements on Textile and Clothing, which states that all quotas on textile and clothing will be removed among WTO member countries. The main beneficiary of the policy turned out to be China. The global textile market is worth more than $400 billion at present. But, according to China Customs, the export value of China’s textile and garment alone amounted to $206.5 billion in 2010.

The Nigerian textile was one of those that suffered, especially because of the cheap exports from China. Nigeria used to be the major supplier of good quality wax-resist textile, popularly called Ankara in Nigeria.
However, in the early 2000s, cheap imitations of these products were being produced and exported from China to West Africa. Some would even be slapped with Made-in-Nigeria or Made-as-Nigeria labels and then sold in Nigeria.
Aganga noted that “it is the responsibility of government to create an enabling environment for industries to flourish and the textile industry is one key area we are working with stakeholders to develop. The textile sector generates employment for Nigerians as well as revenue for the government through taxes.”

“The development of industries remains the major mandate of the ministry. We must diversify our economy by industrialising our country, and one of the areas we are focusing on within the next four years is the development of the textile sector as part of our industrialisation plan,” he added.
The minister said his ministry was working with stakeholders in the textile industry to address the problems militating against increased productivity in the sector.

He said, “We are working closely with stakeholders in the sector towards achieving increased productivity. We have held meetings across the value chain in the textile sector and identified all the problems in the sector.
“Textile industries are one of the areas we want to focus on going forward. Apart from the fact that the sector is labour intensive, Nigerians are very fashionable people,” he added.

Manufacturers’ Stance
The Director General of Nigeria Textile Manufacturers Association (NTMA), Mr. Jaiyeola Olanrewaju, said the intervention of the Federal Government through the Textile Intervention Fund had significantly assisted in reviving some of the dead textile companies.
He, however, urged the government to give additional incentives to the textile manufacturers to enable them increase their productivity and create more jobs for Nigerians.

#change
#GMB
#APC

@ Jorussia,

Please note the following post:

Sometimes I feel for the “poor” Nigeria voters who are constantly fed with half-truth and in some instances, outright lies. We are at it again, being told how perfect, stable Naira was under Buhari. To even quote GMB,



************************************************************

“And if you recall by the time we were removed, one naira was equal to 1.2 or 1.5 dollars. The naira was run down to N80 to a dollar by General Babangida’s regime”


. http://www.thecable.ng/exclusive-interview-im-opposed-muslim-muslim-ticket-says-buhari/2


****************************************************************


Two things are involved here:

1. At no point during the administration of IBB was naira N80 to a dollar, the highest it was at parallel market was N21.90

2. When Buhari took over in 1983, the Naira was exchanging for N 0.724 to a dollar, by the time he left office, the Naira was exchanging at between N1.5 to 1.7 in the parallel market. We will make use of the N1.5 exchange rate.
From 1983 to 1985, the Naira moved from 0.724 to 1.5 representing a 107% depreciation of the Naira!

The question therefore, with 107% depreciation of naira from 1983 to 1985, how stable was the naira under Buhari?


From: https://www.nairaland.com/2055368/how-stable-naira-under-gen#29078791

http://www.fibre2fashion.com/news/textile-news/nigeria/newsdetails.aspx?news_id=166723

Million Nigerian textile jobs lost to counterfeiting
August 09, 2014 (Nigeria)

Over a million Nigerians have lost their jobs in the textile industry due to counterfeited products since 2000, according to the Standard Organization of Nigeria (SON), WorldStage Newsline reported.

Speaking at the HP Anti-Counterfeiting Conference in Abuja, Director-General of SON, Dr. Joseph Odumodu said, counterfeiting has the potential to endanger the economy and in turn its position as a new frontier economy.

“Over a million Nigerian jobs in the textile industry have been lost since 2000 to counterfeiting, which has led to closure of many textile units and those that survived are in a comatose state”, he said.

“Other than this, counterfeiting also had microeconomic effects which impacts sales volumes, prices, costs of rights holders, new investment, royalties and brand value”, he added

He blamed the weak regulatory and legal framework for the devastating impact of counterfeiting.

According to the Director General, manufacture and distribution of substandard and counterfeit product should be considered as an economic crime which should be accompanied with severe and appropriate penalties to serve as deterrent.

#change
#GMB
#APC

Change2015:
Please note dates in bold. Kind of contradicts your version?

It does NOT contradict my version, which clearly is based on the Organised Private Sector (OPS) assessment after almost two years of the clueless economic policies of DICTATOR Buhari.

Moreover the fact that textile production peaked in the mid 1980s and subsequently declined RAPIDLY is a sign that needed re-investments were not done throughout Buhari's reign and the outcome became apparent shortly after. That is called time lag in business/finance/management/economics. You can read on this concept to understand it better.

It is the same way the Nigerian railways Corporation, NRC recorded a very high passenger loaded in 1984 but started declining rapidly as no investments were made. In fact the railways were rotting away slowly as reported in 1985.



www.nairaland.com/attachments/2045441_image_jpeg9f360c5ab7736510df54c882e9dbf188

fallout87:


Didn't Buhari condemn Agriculture and Education saying both have taken steps back?

More lies from him and that party.

Buhari made it clear he would ensure the continuity of the good policies of GEJ's administration (of which the revival of agriculture is about the only one) and would halt or revamp the unproductive or retrogressive policies. There is no doubt the agric minister is doing a good job and even the APC acknowledges that as we can see from Kwankwaso's endorsement.

Can you please show me where Buhari claimed that the nation has taken steps backwards in terms of agriculture?

Adminisher:
That is the best governor in.Nigeria. Always sincere and no bull shitting. Adesina is admired by APC and they are not afraid to say it. He has boosted Nigerias agriculture sector.

so it is the minister that is taking glory of GEJ‘s effort.

Thank GOD for a democrat like GEJ, if it were to OBJ he would have lost his job that same day

egift:
God bless APC, a party that appreciates progressives wherever they see them. The future is Bright. Sai Buhari.

Yu dis egoat calling the Minister a progressive. I tot yu said GEJ is surrounded by people who are bad.

See ur face like Tinubu frogged face.

Almightyperes:
One of the greatest critics of the Goodluck Jonathan federal administration is the APC governor of Kano state, Rabiu Kwankwaso. But on Friday, he honoured Akin Adesina, theminister of agriculture, who is of the PDP. Kwankwaso named an 100-hectare irrigation farm in Kano state after the minister in recognition of his support to Kano farmers.Speaking at the event, the minister thanked the governor for naming the Akinwumi Adesina Magaga Irrigation Farm after him. He called on irrigation farmers in Kano state to organize themselves in order to access the federal government N26billion Dry Season Scheme Fund. He also said that the FG will support with quality farm inputs.The minister expressed satisfaction over the level of work at the irrigation site which covers 100 hectares, noting that the project would not only boost food production in the state but in the country at large.He commended Kwankwaso administration for initiating the laudable project which is expected to provide thousands of job opportunities to the teeming youths in the state especially those from Kabo and Gwarzo local government areas.Responding, Governor Rabi’u Kwankwaso said that there are over 300 farmers cultivating the land, disclosing that the state government named Magaga Irrigation site after the Minister for his support and concern to Kano farmers.The governor directed the state Ministry of Agriculture to expand the site to cover adjoining farms for maximum benefit, adding that it must be we leveled so that all farmers can easily cultivate their farms without problem.

How jonathan wish he has the intelligence of Adeshina. unfortunately for them, the guy is not meddling with them up and down.....

No permanent friend or enemy but interest. That was a wise one.

egift:
God bless APC, a party that appreciates progressives wherever they see them. The future is Bright. Sai Buhari.

Progress under GEJ? hmmmmm!!

I actually aknoeledge the positive activities of Dr. Adesina being outstanding likewise minister of trade and investment. those two personnel delivered and has indeed blessed Jonathan led administration

I actually aknowledge the positive activities of Dr. Adesina being outstanding likewise minister of trade and investment. those two personnel delivered and has indeed blessed Jonathan led administration

Welldone GEJ. YOUR DISTRACTERS ARE SIMPLY JEALOUS!!!

anonimi:


It does NOT contradict my version, which clearly is based on the Organised Private Sector (OPS) assessment after almost two years of the clueless economic policies of DICTATOR Buhari.

Moreover the fact that textile production peaked in the mid 1980s and subsequently declined RAPIDLY is a sign that needed re-investments were not done throughout Buhari's reign and the outcome became apparent shortly after. That is called time lag in business/finance/management/economics. You can read on this concept to understand it better.

It is the same way the Nigerian railways Corporation, NRC recorded a very high passenger loaded in 1984 but started declining rapidly as no investments were made. In fact the railways were rotting away slowly as reported in 1985.



www.nairaland.com/attachments/2045441_image_jpeg9f360c5ab7736510df54c882e9dbf188

Buhari was in office for 20 months, and that was the sole cause of the collapse of the textile industry? So the one million jobs the industry claims to have lost since 2000, how did that happen if the industry had already collapsed? Even now industry has frozen investment until the political uncertainty is settled and yet it is certain that a well run business can survive a tough environment such as the economic cycle will surely deliver from time to time. Please find a different target for your blame game because the facts do not support your argument.

#change
#GMB
#APC

....methinks Kwakwanso expressed this public appreciation of a Pdp performing minister to spite those that schemed him out of the race!! Apc is not known to celebrate or acknowledge the laudable achievements of this government no matter how glaring it may seem.
They celebrate every bomb that goes off in the north eastern Nigeria.

GovWahala:

Just shut ur stinking lying devilish mouth!
Why separate President Jonathan's Agric Minister from him and why not the praise be to Jonathan for choosing and enabling him to do this great reforms? But when another sector has a little hitch all the blames go to Jonathan and not the person in charge of that aspect. You guys called Apshit are so Useless and evil in every way. You all disgust me.
Thumps up to the Minister- Adesina.
Thumps up to President Jonathan.
GEJ till 2019!!!

bastard Okupe...

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Let's be honest Akinwumi Adesina and Olusegun Aganga are performing very well. As for the rest, may heaven never pour out her blessings over them, may the sun never give dem light, may d earth be as brass when they till.


They should #CHANGE. This ain't about partisan politics; thank God its an APC governor commending a PDP minister. Y'all should know that good works speaks for itself

Politics without bitterness.

He cannot resist the wind of transformation agenda. Even the blind can see it.

egift logic

when a Minister does well , distance the president


but when a minister has a problem in her kitchen its all GEJ fault

gwales:
I know TANoids would one day claim kwankwaso work as Gej achievement

Before nko... Na your cabinet Adesina dey?

Ehn Ehn

egift:
God bless APC, a party that appreciates progressives wherever they see them. The future is Bright. Sai Buhari.

I bet you sleep and wake up with propaganda thoughts.

obailala:
The Agric minister happens to be the only shining light in the entire Gej's cabinet.

what are you saying. Don't be clearly bias. What about works, trade and investment, petroleum, aviation, even finance(not withstanding the fall in crude oil that is testing her knowledge and experience) but for labour, power, communication technology, defence and some others, honestly am not impressed. The painful is the power ministry. I see Nebo as not so experience compared to his predecessor Prof. Bath Nnaji. He always complain of sabotage. Thank God the Labaran Maku is technically sent away because he might have one day say what he was not suppose to sat. But then, GEJ is transforming Nigeria. I will vote him.

Hmm

Na wnti we need be dz_ not wen buhari will say he has plans to stop BokoHaram but yet won't partner with the federal govt to get ems! Smh…

watered:
Let's be honest Akinwumi Adesina and Olusegun Aganga are performing very well. As for the rest, may heaven never pour out her blessings over them, may the sun never give dem light, may d earth be as brass when they till.


They should #CHANGE. This ain't about partisan politics; thank God its an APC governor commending a PDP minister. Y'all should know that good works speaks for itself

In other words, GEJ has done well in the Agricultural, commercial and industrial sectors and we would appreciate more effort in other areas ...

GEJ till 20 Fukking 19....

Why do you say so. Sambo went to aso rock and grap things for his people. Former aviation minister went and grap things for his people.

Jonathan is in aso rock grap things for his people.

Yoruba people don't like him.. Why do you think he did not contest. He will loss.

U want to cut down the tree but u enjoy the fruits.

Even Apc kwn that GEJ and his team have improved Nigeria. They are jst after power that's all

Almightyperes:
One of the greatest critics of the Goodluck Jonathan federal administration is the APC governor of Kano state, Rabiu Kwankwaso. But on Friday, he honoured Akin Adesina, theminister of agriculture, who is of the PDP.

Kwankwaso named an 100-hectare irrigation farm in Kano state after the minister in recognition of his support to Kano farmers.Speaking at the event, the minister thanked the governor for naming the Akinwumi Adesina Magaga Irrigation Farm after him.

He called on irrigation farmers in Kano state to organize themselves in order to access the federal government N26billion Dry Season Scheme Fund. He also said that the FG will support with quality farm inputs.

The minister expressed satisfaction over the level of work at the irrigation site which covers 100 hectares, noting that the project would not only boost food production in the state but in the country at large.

He commended Kwankwaso administration for initiating the laudable project which is expected to provide thousands of job opportunities to the teeming youths in the state especially those from Kabo and Gwarzo local government areas.Responding, Governor Rabi’u Kwankwaso said that there are over 300 farmers cultivating the land, disclosing that the state government named Magaga Irrigation site after the Minister for his support and concern to Kano farmers.

The governor directed the state Ministry of Agriculture to expand the site to cover adjoining farms for maximum benefit, adding that it must be we leveled so that all farmers can easily cultivate their farms without problem.

http://www.thetrentonline.com/apc-governor-kwakwanso-renames-irrigation-project-pdp-minister-agriculture-kano-state/

The Minister also took to social media platform, Twitter to announce the project:

www.twitter.com/akin_adesina/status/566584564622319616/photo/1

Shame on you the poster. Is the minister serving PDP or the federal republic of Nigeria? Why address him as PDP minister? Surprisingly, Seun allows this divisive piece make front page. I thought anything concerning Jonathan is rubbish and corrupt. I smell unsavory hypocrisy.