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New tax law empowers Nigeria Revenue Service to secure loans
Opinion

Oshiomhole urges Tinubu to revive textile industry

Former Edo State Governor and ex–All Progressive Congress National Chairman, Senator Adams Oshiomhole, has called for the urgent revival of Nigeria’s textile industry, describing it as a sleeping giant capable of generating over 20 million jobs and reviving the economy. Speaking in Kaduna at the 37th Annual National Education Conference of the National Union of […]

Nigeria's textile imports hit N365bn despite efforts to revive local industry
E-commerce

Nigeria’s textile imports hit N365bn despite efforts to revive local industry

Nigeria’s imports of textiles have more than doubled in just two years, reaching a 15-year high despite efforts to revitalize the industry. The National Bureau of Statistics data revealed that from N182.5 billion in 2020 to N365.5 billion in 2022, the importation of textiles and textile-related products increased by 100.3% which was the highest level in […]