BoI moves to revive Kaduna textiles, others

The Bank of Industry has revealed that it will set a mechanism in place to revive textile factories in Kaduna as part of a broader effort to boost the Cotton and Garment Sector (CTG). The Bank made the disclosure recently during an inspection tour of key textile sites in Kaduna State by the Minister of […]

The Bank of Industry has revealed that it will set a mechanism in place to revive textile factories in Kaduna as part of a broader effort to boost the Cotton and Garment Sector (CTG).

The Bank made the disclosure recently during an inspection tour of key textile sites in Kaduna State by the Minister of State for Industry, Senator John Owan Enoh.

Speaking during the tour, the Managing Director/Chief Executive Officer of the Bank of Industry, Dr. Olasupo Olusi, said the economic revitalisation effort of the cotton and garment sector by the federal government presents a major opportunity to stimulate job creation

“This revitalisation is about improving lives across different sectors,” Olusi said. “It holds significant potential for job creation not just within the factories, but across the value chain, including our basic cotton farmers and even in protein production zones.”

The minister, during the tour of the United Nigeria Textiles Limited (UNTL), described the factory’s revival as a litmus test for broader industrial revival across the country