Nigeria Labour Congress Calls for Probe into Textile Sector Funding Mismanagement

Julianah Ologunde
By Julianah Ologunde 2 Min Read

Nigeria Labour Congress Calls for Probe into Textile Sector Funding Mismanagement

The Nigeria Labour Congress (NLC) has raised concerns over the mismanagement of funds allocated to revitalize the textile sector, citing past initiatives like the N100 billion and recent N50 billion Textile Revival Implementation Committee (TRIC).

Nigeria Labour Congress Calls for Probe into Textile Sector Funding Mismanagement

Speaking at the 13th National Delegates’ Conference of the National Union of Textiles Garments and Tailoring Workers of Nigeria (NUTGTWN) in Abuja, NLC President, Comrade Joe Ajaero, lamented the sector’s continued struggle despite these investments, calling for a probe into their effective utilization.

Ajaero emphasized the significance of the textile sector in job creation and economic development, highlighting its value chain and potential for both direct and indirect employment. He recalled the sector’s heyday when it employed millions of Nigerians across over 200 textile companies, serving both domestic and export markets.

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Nigeria Labour Congress Calls for Probe into Textile Sector Funding Mismanagement

However, Ajaero pointed out the adverse effects of neo-liberal policies, particularly those advocated by international financial institutions like the International Monetary Fund (IMF) and World Bank. These policies, he argued, led to an influx of imported textile products, undermining the competitiveness of the local industry and contributing to its decline.

 

In light of these challenges, Ajaero called for collective action from stakeholders to rescue the sector. He commended NUTGTWN for its advocacy efforts in defending workers’ rights and urged the union to continue striving for a sustainable future for the textile industry.

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