In a renewed effort to salvage the textile sector in Nigeria, the United Nations Industrial Development Organisation (UNIDO), has formed a partnership with the Bank of Industry (BoI), to provide the required funding and technical assistance for the rehabilitation and revitalization production facilities in the textile sector.  The partnership will focus on the development of the Cotton, Textile and Garment (CTG) value chain network. Essentially, the process of the revival will pay attention to textile production from the planting of cotton, to the processing, and eventually, to the production of garments.

Federal Government, General Manager of BoI, Alhaji Mohanmmed Alkali said that N70 billion textile fund provided by the Federal government however, organisation does not provide direct funding but that this could be facilitated through its international financial partnership unit where bankable programmes are developed to help the industrial sector.

He promised that UNIDO would work to enhance the competitiveness of the supply capacity for cotton and ensure the conformity of the CTG to international standard. He advised the partners that since the heavy duty approach to generating power for industries have been modernized by research and development available; it should be taken advantage of to make power available at various locations.