FG Moves To Revive Cotton/Textile Industry

Federal Government has collaborated with the International Cotton Advisory Committee (ICAC) to revive the moribund cotton/textile industry.
Disclosing this in a statement on Tuesday, the Vice President’s Media Aide, Stanley Nkwocha, said the government met with the ICAC at the Presidential Villa in Abuja, the nation’s capital.
At the meeting, discussions centred on developing key components of the cotton value chain comprising farming, weaving, ginning and linking of cotton, all in line with the industrialization drive of the President Bola Ahmed Tinubu administration.
The meeting which was chaired by the Vice President, Kashim Shettima, said the Tinubu’s administration will make conscious efforts to ensure the country harnesses opportunities in the cotton value chain, including ensuring that Nigeria regains its ICAC membership.
He thanked the delegation for the visit, just as he acknowledged ICAC’s commitment to the development of the sector in Africa, noting that their diverse backgrounds in ICAC gives a better understanding of the complexities and opportunities in the cotton value chain.
In his remarks, the Lagos State Governor, Babajide Sanwo-Olu, said his state was well positioned to harness opportunities in the cotton value chain, given that it hosts the factories, the market and is a critical component of the business ecosystem for the cotton sub-sector.
The governor expressed excitement at the possibility and opportunity for the resuscitation of the cotton and textile sector with a particular focus on job creation and economic transformation.