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China-Africa Trade Information Service
info.afrindex.com
China-Africa Trade Information Service
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President Muhammadu Buhari pledged the commitment of his administration to revive the ‘good old days’ when the cotton and textile industry employed hundreds of thousands of Nigerians.
Receiving the CEO of Vlisco Group, David Suddens, at the Presidential Villa, President Buhari welcomed the proposed investment of $200 million by the company in Nigeria, which will, in turn, create 700,000 jobs.
He said, "I am very much aware of your company’s effort especially your investments in the textile industry, and it is one area that we are trying to develop because it will create employment and boost agriculture."
To get cotton to grow again in the country is like going back to the good old days when the textile industry used to employ more than hundreds of thousands of people.
I am very excited about the prospects of reviving the industry because it will keep farmers busy, create employment which brings more security, help the economy, transfer of technology and of course we have a large market to absorb the products,” the President said.
President Buhari in a statement by his Special Adviser on Media and Publicity, Chief Femi Adesina reiterated Nigeria’s commitment to forging a stronger economic partnership with the Netherlands, assuring the Dutch investor that the Nigerian authorities will continue to do the utmost to keep smugglers at bay at borders.
