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Nigeria garment
market
Nigeria's textile industry, according to
studies, is almost a mono-product industry which can easily be
attacked with the import of one product only (African prints).
The country shows very little participation
in world production even after AGOA, and there is practically no
garment industry in the country as is the case in Egypt, South
Africa and Kenya.
Findings from other African countries show
that the garment industry in the AGOA countries has been mainly
the creation of Asian foreign investors. Foreign investors from
Asia brought not only the capital, but provided the training,
the know-how and the knowledge of the marketing mechanism to the
countries.
Nigeria textile industry in the immediate
past had so much capital from Asians until in the early 90s when
the sector witnessed capital flight with a good number of these
Asians divesting and exporting back their machinery and
equipment to India and other African countries. Nigeria at the
moment needs to attract a few foreign investors which would have
a pull effect for other investors to follow.
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