Emefiele said this at the signing of Memorandum of Understanding with some critical stakeholders in the CTG sub-sector in Abuja on Tuesday.
Emefiele said that when he met with key stakeholders of the CTG sub-sector, smuggling was identified as one of the main challenges killing the textile and garment industries. “Today’s MOU signing sets a significant milestone for enforcement of Mr President’s Executive Order 003 as well as foster closer business collaboration among these stakeholders on a sustainable basis.
“Farmers and processors had to deal with low-quality seeds, rising operating cost and weak sales due to high energy cost of running factories, smuggling of textile goods, and poor access to finance,” he said.
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