Tuesday, 5 April 2016

145 TEXTILE FIRMS LOST TO ECONOMIC DOWNTURN




-          The Federal Govt. on Monday said that a total of 145 textile companies had shut down operations between 1980 and now due to harsh economic climate.

-          The Minister of State for Industry, Trade and Investment, Aisha Abubakar, stated this during a meeting with members of the Cotton, Textile and Garment Implementation Committee.
-          She lamented that the industry, which used to be the highest employer of labour of the govt. had become a shadow of itself, employing very few people.
-          The meeting held at the headquarters of the ministry in Abuja was aimed at reviewing the progress so far made with the implementation of the National Cotton, Textile and Garment Policy.

       CULLED FROM THE PUNCH.

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