Home Business & Economy Nigeria, Clothing 360 sign MoU

Nigeria, Clothing 360 sign MoU

The Ministry of Industry, Trade and Investment on Tuesday signed a Memorandum of Understanding (MoU) with Clothing 360, to promote implementation of the policy on Cotton, Textile and Garment (CTG).The Minister of State, Mrs Aisha Abubakar, at the signing ceremony said that the MoU was to “concretise and harmonise ideas with a view to ensuring more private sector participation.’’

According to her, it is also envisaged to help improve the development of Ready-Made-Garments in Nigeria.

Abubakar said that the industry would grow faster with public and private patronage.

“To this end, we are pursuing the implementation of the procurement of uniforms for the armed forces, paramilitary, schools and hospitals by the three tiers of government as a way of stimulating growth in the sector.

“Other areas of intervention include the promotion of the Made In Nigeria Initiative, which involves an e-commerce platform.

“The conversion of some of the industrial development centres into garmenting production hubs, promoting ready-made wears, aggressive sensitisation of the African Growth Opportunity Act (AGOA) and exhibitions.’’

The minister implored other stakeholders in the industry to bring in pragmatic solutions to the industry.

She added that the MoU would not restrict any organisation seeking to partner with the ministry in the same regard.

The Director, Clothing 360, Miss Oreofe Akinkugbe said that the MoU was an indication that the Federal Government was serious about industrialising the non-oil sector as well as diversifying export base.

“The signing of the MoU is going to enable us forge ahead with more determination and to see results towards the sustainable development of CTG value chain.

“We are also delighted that you share in our vision which is that Nigeria can one day become the preferred emerging hub for global export of quality and affordable ready-made garments and textiles.’’

Akinkugbe said that the company was created to stimulate concerted efforts to organise and develop Nigeria’s ready-made garment industry.

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