• Fewer than 25 of over 300 textile companies in operation • Why Nigeria cannot export raw cotton despite boom • With consistent policies, Nigeria has huge potential, says Ogunlesi • WTO exposed Nigerians to cheaper textiles Despite years of intervention, Nigeria’s textile industry is a departure from the ideal, owing to challenges of huge appetite for importation, poor patronage, policy implementation and a broken value-chain. According to stakeholders, if only 10 per cent of the yearly import bill of $4 billion textile fabrics is re-invested into the textile industry, the country would be a net exporter and expand its revenue from programmes like the African Growth and Opportunity Act (AGOA) of the United States.