Nigeria injects .1 billion naira to assist garment and leather industries
Chidi Izuwah, Director of Nigeria’s Infrastructure Concession Regulatory Commission (ICRC), said that the government aims to invest 5.08 billion naira to assist the garment and leather industry, and will work with Aba, Abia garment factories and Janguza manufacturing The tannery and Kano state are operating through a public-private partnership (PPP) model, 80% of which comes from borrowing and 20% from the federal government’s financial contribution.
The PPP project will create 1,280 local jobs, increase foreign exchange reserves and assist national development. These plans will introduce emerging technologies and production of high-quality shoes, garments and leather and other related costs through the Nigeria Correction Center (NCS), Erojim Investment Company and its technology partner PolyTechonologies Beijing Company, to supply correction centers and other clubs. need.
The Nigerian government hopes to revitalize the Nigerian shoe, garment and leather industries through this plan and meet the needs of relevant ministries.
For related network links, please refer to: https://nipc.gov.ng/2020/05/15/fg-targets-n5-08-billion-to -revive-garment-leather-industries/?mc_cid=5fec4ec203&mc_eid=e633232a69
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