Nigeria Imports 261 Billion Of Its Textile Materials.

The Nigeria Textile Manufacturers Association (NTMA) said that the country spends 261 billion billion dollars a year in importing textile raw materials.

This resulted in the decline in the number of local textile companies from 250 to less than 10.

Jaiyeola Olarewaju, general manager of the Nigeria Textile Manufacturers Association, said that the textile industry and the import of cheap and unqualified fabrics from Asian countries led to billions of national exports.

Olarewaju said the textile sector in Nigeria is stagnant, which is attributed to the smuggling situation of cheap textiles, which has led to the competition of the local Ministry of industry and the higher production costs of local products.

Olarewaju said that all kinds of local variant fabrics from China are produced and exported to West African countries. These fabrics are made in Nigeria or labeled with "made in Nigeria".

In the dismissal of some port organizations, Olarewaju said that the government should take a cautious attitude on this issue. Appropriate policies will protect the interests of textile manufacturers and check the indulgence of textile imports.