Textile Industry Leaders In Nigeria Advocate For Resurgence Of Dormant Sectors

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In a bid to restore Nigeria’s defunct textile sector, key players within the country’s textile manufacturing sphere are urging the Federal Government for targeted financial aid. Otuekong Sunny Udoh, the Head of the Carpet Manufacturers Association of Nigeria (CMAN), expressed concerns over the demise of more than 30 local textile enterprises, an issue that has cast cloudiness over the nation’s economic performance.

Udoh brought to light the sobering fact that over 60,000 individuals employed in the textile industry have experienced job losses; precipitating a ripple effect of setbacks for allied sectors, including suppliers, distributors, and transportation services. This has subsequently led to substantial financial losses at a national level.

Highlighting the extinction of native textile manufacturing companies like Jackson Devos and Aswani, Udoh underscored the fact that only two resilient entities remain under foreign ownership.

Udoh, who also holds the position of Chairman at Jackson Devo’s FZE, emphasized that for any economy to thrive, it is essential for the government to revive these industries. He pointed out Nigeria’s earnest endeavor to invigorate its private sector, with specific attention from President Bola Tinubu aimed at rekindling growth within the manufacturing domain.

Still Speaking, Udoh said that a nation that overlooks the development of its private sector, encompassing small-scale enterprises, will find it challenging to generate the necessary employment opportunities for its populace. Sadly, this is the predicament Nigeria currently faces.

The stability of an economy becomes tenuous when a country heavily relies on imports to satisfy its consumption needs; owing to inherent economic inadequacies and market dynamics. Nigeria has inadvertently transformed into a haven for foreign goods due to the absence of governmental incentives promoting the expansion of domestic manufacturing.

Reflecting on Jackson Devos’ history, Udoh noted that for more than three decades, their company has stood as a pillar of Nigerian manufacturing. This flagship product, Crown Carpet, emerged as a leading brand nationwide and even garnered recognition beyond Nigeria’s borders; extending to Ghana and other West African countries.

However, their fortunes took a downturn due to the alleged orchestrated attack by the Nigeria Deposit Insurance Corporation (NDIC), resulting in substantial damage to their machinery. The most grievous blow was dealt during the military regime under Gen. Sani Abacha, spanning from 1993 to 1998. As the company’s leader, Udoh, alongside some colleagues in Cross River State, became targets due to irreconcilable political differences.

 

 

 

 

 

 

 

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