Nigeria: CBN Invests N120 Billion to Revive Textile Sector

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Abuja — The Central Bank of Nigeria (CBN) yesterday said it had invested over N120 billion across the Cotton, Textile and Garment (CTG) value chain since the inception of its intervention programme in the industry.

CBN’s Deputy Governor in charge of Corporate Services, Mr. Edward Adamu, said at a meeting with stakeholders in the CTG sector in Abuja that over 320,000 farmers had been financed between 2018 to date, adding that expected output for seed cotton is projected to be over 300,000 metric…


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