There are only one textile company left in Nigeria
According to a report from Nigeria’s “Business Daily” on May 29, the chairman of the Nigeria Textile Manufacturing Association recently stated that there used to be 127 textile companies in Nigeria, but only 2 to 3 remain so far. The chairman said that Nigeria’s overall business environment and internal factors in the industry have caused the current situation. Although Nigeria has cheap labor, its electricity and infrastructure are backward, which makes the development of the overall manufacturing industry poor; the textile industry is affected by smuggling and counterfeit imported products, making it difficult for the industry to compete and survive; furthermore, although Nigeria is rich in land resources and It was once a major cotton planting country, but the current cotton varieties and planting technology are backward, and it is difficult to increase output. The overall level of the industrial chain from cotton and linen production to spinning and weaving threads, fibers, and textile machinery is backward and unmatched, resulting in the textile industry being impacted by the outside world. It plummeted. Although the Nigerian government has introduced supportive policies, it is still unable to build an industrial cluster effect. India is also a country with a large population. Contrary to the above situation in Nigeria, its successful textile industry development experience is worth learning from Nigeria. There are only 2-3 textile companies left in Nigeria
AAA Fabric NetworkGFREGRTTHR
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