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President Muhammadu Buhari has instructed the Central Bank of Nigeria (CBN) to make special funds available for the local production of textiles and garments in Nigeria.

Mr Buhari gave the instruction after declaring open the 31st National Education Conference of the National Union of Textile Garment and Tailoring Workers of Nigeria (NUTGTWN) in Abuja on Tuesday.

The theme of the conference is “Labour and Industry in the Next Level”.

The president who was represented by the Registrar of Teachers Registration Council of Nigeria, Segun Ajiboye, called on the Industrial Training Fund (ITF) to facilitate the training of textile industry workers to sustain current efforts at improving local garments production in the country.

He said his administration demonstrated its committed to improving industries in the country with the signing of the Executive Order 003.

Mr Buhari said the order mandates all procuring authorities to give preference to Nigerian companies and firms in the award of contracts, in line with the Public Procurement Act 2007.

The president said the CBN had signed a Memorandum of Understanding with the Nigerian military and paramilitary outfits, as part of efforts to revive the Cotton, Textiles and Garment (CTG) sector in Nigeria.

“After a series of engagements, the CBN initiated the signing of an unprecedented MoU between the Service Chiefs, chief executives of uniform services and textile garment manufacturers on enforcement of Executive Order 003 in support of local urgent procurement.”

The president also said there is a need to train the existing 40,000 garments and textile industry workers.

Union reacts
The General Secretary of NUTGTWN, Issa Aremu, commended the Federal Government for the closure of Nigeria’s land borders to end smuggling of goods into the country.

https://www.premiumtimesng.com/business/360155-buhari-asks-cbn-to-provide-funds-for-textile-industries.html

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