Katsina gov’t signs MoU with stakeholders to resuscitate textile industry
Katsina state Deputy Governor Alhaji Mannir Yakubu has attended signing of memorandum of understanding for Cotton textile and Garments industry resuscitation project.
The memorandum of understanding was signed between the Nigerian textile and Garments manufacturers Association, National Cotton Association of Nigeria, Ginners Association of Nigeria, Uniform services and NYSC, witnessed by Central Bank of Nigeria.
Correspondent… reports that the occasion held at the Central Bank of Nigeria Headquarters Abuja.
Speaking at the occasion, the CBN Governor Godwin Emefiele said the effort was part of the CBN commitment to revive Nigerian Cotton textile and Garments sector through ensuring local sourcing of goods and services.
Mr Godwin Emefiele appreciated the support received by CBN from the Buhari’s administration to revive the agricultural sector.
The CBN Governor maintained that, before the inception of present Muhammadu Buhari’s administration, Nigerian Cotton textile and Garments sector are facing serious challenges in the country.
These according to him led to lost of over two million jobs due to collapse of one hundred and fifty textile mills in Nigeria.
Speaking at the occasion the katsina state Deputy Governor Alhaji Mannir Yakubu commended the foresight of the Central Bank of Nigeria in reviewing the agricultural sector.
Alhaji Mannir Yakubu who described Katsina state as the largest Cotton producer in the country said the CBN anchor Borrower on Cotton assisted farmers greatly in the state to achieve the set objectives.
The occasion was attended by Governors from different Cotton producing and manufacturing states among other stakeholders.