Protect textile industry through soft loans: Nigeria’s lower house

Nigeria’s House of Representatives has urged the government to protect the domestic textile industry through soft loans from the Bank of Industry. It called for regulation of textile imports and encouragement of domestic textile production. Government policies like higher taxation and extensive liberalisation are leading to extensive imports of textile materials, lawmaker Garba Muhammad noted.

May 23, 2025 - 07:05
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Protect textile industry through soft loans: Nigeria’s lower house
Nigeria’s House of Representatives has urged the government to protect the domestic textile industry through soft loans from the Bank of Industry. It called for regulation of textile imports and encouragement of domestic textile production. Government policies like higher taxation and extensive liberalisation are leading to extensive imports of textile materials, lawmaker Garba Muhammad noted.