Nigeria federal government will revive textile industry
According to local media reports in Nigeria, Nigeria’s Minister of Trade and Investment Aganga said that the Nigerian federal government plans to reinvest 20% of the textile import tax in the Nigerian textile industry, and the funds will be loaned to Nigeria Textile at an interest rate of 3% Enterprises to revitalize Nigeria’s domestic textile enterprises. Nigeria’s textile industry is a labor-intensive industry. The development of the textile industry can help drive economic growth and create a large number of jobs.
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