This post was originally published on this site.
CPPE cautions that banning textile fabric imports could harm Nigeria’s N10 trillion fashion and garment industry, affecting about 10 million livelihoods.The group says import restrictions may increase production costs, reduce consumer choices and disrupt businesses relying on textile materials.CPPE urges government to focus on competitiveness reforms, cotton production, cheaper financing and infrastructure improvements to revive the textile sector
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
The Centre for the Promotion of Private Enterprise (CPPE) has expressed concern that the Senate’s move to ban the importation of textile fabric may put the Nigerian fashion and garment industry on the precipice and risk the livelihoods of approximately 10 million Nigerian citizens.
CPPE warns of supply shortages and higher production costs. Photo: CPPESource: Facebook
The CPPE, an economic policy advocacy group, argued in a statement on Sunday signed
