By Zubairu Idris
The Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele has said that no fewer than 130 textile companies have died in the country in recent times due to some constraints.
Emefiele made the statement during a courtesy call on Gov. Aminu Masari of Katsina State on Monday.
‘’Textile industries used to be the largest employers of labour in Nigeria after the public service but due to certain constraints, such as smuggling, dumping, lack of access to finance and issue bordering on power, over 130 textile companies have so far perished,’’ he said.
Emefiele said besides that, the ginners, spinners, and about one million farmers who were planting cotton as their source of livelihood also lost their jobs.
‘’And today we are complaining about insecurity and kidnapping, the reasons for these is joblessness and hopelessness, so, we need to do something about it.
‘’We must…
Source: News Agency of Nigeria
