FG raises c’ttee to revive textile firms

From MIDAT B.JOSEPH, Kaduna
Posted: Wednesday, July 28, 2010

IN an effort to ensure the total revival of the collapsed Textiles in the country, the Federal Government yesterday constituted a committee that will look into ways of solving all problems related to the revival of textile firms in the country.
Vice President Mohammed Namadi Sambo who constituted the committee in a meeting with stakeholders of Textiles Manufacturers Association of Nigeria, the Bank of Industries which is to supply the 100 billion Naira textiles revival fund, the Ministry of Commerce and other stakeholders in Abuja said as term of reference the committee should determine ways of protecting the industries when they are revived.
According to the vice president “we have been working and meeting with all the stakeholders to ensure that all our textile industries, including the one in Kaduna are revive in order to create more job opportunities to our teaming youth.”
Sambo further assured that government would create the enabling environment for the development of the dear nation.
Speaking at the meeting, the National treasurer of Textiles Manufacturers Association of Nigeria, Mr. Ajiola Olarewaju said he is satisfied with the effort of the government to revive the collapsed industries.
The Managing Director of the Bank of Industries, Mrs. Evelyn Oputu who gave the update on the textile revival fund, said “we have been receiving applications from different textile companies, we have disbursed some money to them and we will continue to disburse the fund”.