Wednesday, June 12, 2024

Video - Nigeria to invest $3.5 billion in the textile sector



Latest data from the National Bureau of Statistics shows that textiles contributed a negative 1.75 percent to Nigeria's Gross Domestic Product (GDP) in the first quarter of 2024, making it one of the under-performing industries in Nigeria. The government is counting on 3.5 billion dollars in investment secured late last month to turn things around.

CGTN

Related story: Video - Conversation with chief Nike Okundaye Africa’s queen of textile

 

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