CPPE warns Senate textile import ban risks N7tn loss, 10m jobs
CPPE warned that the Senate's resolution to ban textile imports, passed on June 9, 2026, risks cutting Nigeria's textile sector value by N7 trillion and jeopardising around ten million jobs. The resolution, moved by Senator Sunday Katung (Kaduna South), aims to revive the industry by blocking imports, but the Centre for the Promotion of Private Enterprises says it attacks the symptom while leaving root causes untouched.
The textile industry, valued at about N7 trillion, supports roughly ten million Nigerians and ranks among the nation's most vibrant creative sectors. CPPE argues that a supply disruption would raise production costs and weaken competitiveness. The real challenges, it says, are chronic structural constraints: high energy prices, expensive credit, poor infrastructure, logistics bottlenecks, obsolete technology, smuggling, weak access to long-term finance and inconsistent policies.
To truly revive the sector, CPPE urges structural reforms that boost productivity, cut production costs, revive cotton production, expand affordable finance and use government procurement to stimulate domestic demand. What structural reforms do you believe would most effectively revive Nigeria's textile industry?