.Says new policy framework underway amid decline in local cotton production
James Emejo and Mariam Adedokun in Abuja
Minister of State for Industry, Senator John Owan Enoh, has disclosed that the country currently spends about $6 billion annually on textile imports, emphasising the need to revive the Cotton, Textile and Garment (CTG) sector to conserve foreign exchange and generate employment opportunities for Nigerians.
The minister spoke at the completion ceremony for phase 1 of the National CTG Industrial Transformation Programme in Abuja.
He said the development had continued to exert pressure on the country’s foreign exchange reserves while undermining domestic manufacturing capacity.
