Local textile manufacturers fear total collapse as dye scarcity, high OPEX persist

Local manufacturers of clothing in the country have complained about worsening conditions in the sector, saying if the situation does not improve soon, they will be forced to close shops indefinitely.

Revealing that the problem started a few months ago, she said many manufacturers are being forced to buy imported polyester fabrics to produce, which she said is a more expensive option and not sustainable in the long run. She added that production has slowed down until dye comes in and pleaded with the government to resuscitate the textile mills quickly to save the sector from complete annihilation. “It really is a shame that we have to rely on other countries for the most basic things and fabric importation has been prioritised over local production. These are things we can do here easily if given the chance.”

Less than two weeks after announcing the reduction in the price of cement from N5500/6000 to the ex-factory price of N3, 500 per bag, the BUA Group has increased the prices of sugar, flour and spaghetti products. While the price slash in cement is yet to be felt by consumers across the country as the…

Source: News Formal (newsformal.com)

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