News Speeches Top Oct02 FG SET TO BRING BACK MORIBUND TEXTILE INDUSTRY – NANONO Federal Government has reinstated itscommitment towards revitalizing the Cotton, Garment and Textile industry aimedto create more employment and also grow the Nigerian economy. The Minister of Agricultural and Rural Development, Alhaji Mohammed Sabo Nanono disclosed this when he received in audience the Nigeria – Vietnam Chambers of Commerce and Industry (NVCI) delegation led by the Chairman, Mr.Oye Akinsemoyin, in his office in Abuja. Alhaji Sabo Nanono stressed the need to revitalize the textile industry“textile and garment is one of the three pillars that is very crucial to the development of this country and would reduce the issue of unemployment substantially because of its nature, the textile ,garment and cotton are thecore of the Agro Allied industry’’.Nanono further stated that, ‘’textile industry is capable of employinghundreds of thousands of people across the country especially in Kano, Kaduna, Aba, Lagos and some other key areas. In Nigeria from 1985 to 86, our textileindustry were in good shape, during this period, Nigerian’s textile materialswas one the best in Africa and beyond Until importation of textile into the country between 1987 to 1990 which has led us to the state we are now “,headded.The Minister pointed out that ‘’the government is ready to create enablingenvironment that will attract foreign investors in the textile industry’’. In his Presentation, the President, Nigeria –Vietnam of Commerce and Industry(NVCI), Mr. Oye Akinsemoyin stressed that ‘’there is need for the FederalGovernment to focus on revitalizing in the industry line with the PresidentMuhammad Buhari’s policy of economic diversification ’’. Akinsemoyin highlighted the success story of Vietnam textile industrystating that the country’s textile industry had grown over the years from the60s and presently has churned out over 6,000 enterprises. According to him, it has employed over2.5 million people of Vietnams and theannual growth rate is about 9.8 percent, also that is has been estimated thatin 2025, the sector would be attaining $55billion on export from garment andtextile, adding that Nigeria could attain a similar feat if its industry isrevitalized. Director Information 20/09/2019.