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By Kadiri Abdulrahman Abuja, June 1, 2021 The Central Bank of Nigeria (CBN) on Tuesday engaged Stakeholders in the Cotton, Garment and Textile (CTG) industry on how to revamp the industry towards economic diversification and sustainable growth. The stakeholders, representing different associations within the industry, commended the apex bank for its support and commitment towards growing the sector. The meeting was called to appraise past efforts towards revamping the industry and to chart a way forward. Mr Godwin Emefiele, the CBN Governor, said that the CTG industry is integral to Federal Government’s plans for economic diversification and job creation. In a speech delivered on his behalf by Lamtek Adamu, Deputy Governor in charge of Corporate Services, Emefiele said that the CBN is committed to offering the required support to return the textile and garment industry to its old glory. ....
The Central Bank of Nigeria (CBN) says a total of N44 billion has been disbursed to 200,000 cotton farmers since 2019 as a way of revamping the industry. ....