Stakeholders in Nigeria's cotton and textile industries have expressed optimism about the potential gains of the federal government's planned revival of the industries. The stakeholders, including governors, industry players, and international partners, attended a meeting of the International Cotton Advisory Committee (ICAC) hosted by Vice President Kashim Shettima.
Governor Hope Uzodinma of Imo State described the ICAC as "the United Nations of cotton manufacturing" and emphasized the potential for job creation and engagement of young people. He highlighted the need to stimulate the economy, create jobs, and redefine Nigeria's cotton and textile industries.
Governor Babajide Sanwo-Olu of Lagos State emphasized the need for Nigerians to patronize locally produced cotton and reduce reliance on foreign imports. He welcomed the support of the ICAC and praised Vice President Shettima for his commitment to the industry's revival.
The Comptroller-General of the Nigerian Customs Service, Adewale Adeniyi, pledged to tackle smuggling and support the revival of the textile industry. He acknowledged that smuggling has hindered the industry's development but noted that other challenges like yield, power, and investments also need to be addressed.
The Executive Director of the ICAC, Eric Trachtenberg, expressed excitement about the prospects of Nigeria's cotton industry, citing a "compelling historical moment" for growth and development. He emphasized that ICAC is committed to supporting Nigeria in achieving its goals.
The Director-General of the Nigerian Textile Manufacturers Association, Hamma Kwajaffa, expressed optimism about the revival of the textile industry, predicting a surge in employment and a reduction in security problems. He emphasized that the focus is not on funding but on ensuring a conducive environment for cotton production.