Grapevine

Stakeholders advocate policy overhaul for cotton industry

Earlier on August 6, 2024, Shettima urged stakeholders to develop a roadmap for revitalising the cotton and textile sector in Nigeria.

The Vice President made the call against the backdrop of the Federal Government’s collaboration with the International Cotton Advisory Committee to commence the resuscitation of the country’s moribund cotton industry.

The Director-General of MAN, Segun Ajayi-Kadir, told The PUNCH it was a welcome development to hear the Vice President emphasise the cotton and textile industry.

According to Ajayi-Kadir, the industry represents one of the areas where Nigeria has a natural and competitive advantage if the right things are done.

He urged the Federal Government to incentivise local cotton growers to have a stock of materials, and grant factory owners access to credit due to the sector’s capital intensity.