May-2008


 

Enter your keyword or phrase to search PTJ


 

 

 

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.

 

Copyright 2007 Ptj.com.pk Entries (RSS)  Design Mavenstyles.com