…urges senate to ditch import ban for competitiveness reforms
The Centre for the Promotion of Private Enterprise (CPPE) has cautioned that the Senate’s proposal to ban textile fabric imports could disrupt Nigeria’s N17 trillion fashion and furniture value chains, threaten the livelihoods of about 10 million people and ultimately fail to revive the country’s struggling textile industry.
In a statement on Sunday, Muda Yusuf, chief executive officer of CPPE, urged lawmakers to abandon import restrictions in favour of reforms that address the structural challenges undermining the competitiveness of local textile manufacturers.
The Senate had recently called for a ban on textile imports as part of efforts to revive Nigeria’s once-thriving textile industry. However, Yusuf argued that while the objective is commendable, an outright import prohibition would likely inflict broader economic damage by disrupting supply chains, increasing production costs and weakening industries that depend on imported textile fabrics.
“The proposed measure
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