CPPE: Call for Ban on Textile Fabrics Imports Threat to N10trn Garment, Tailoring Industry

Nigeria's garment and tailoring sector, valued at an estimated N10 trillion, faces significant risks from a potential ban on textile fabric imports, according to the Centre for the Promotion of Private Enterprise (CPPE).

The CPPE issued a stern warning, urging the Senate to reconsider its resolution calling for the prohibition of textile fabric imports. The organization argues that such a move could impose substantial collateral costs on an industry that is vital to the Nigerian economy. This includes potential job losses and disruptions to supply chains that rely on imported materials.

"The Senate’s resolution calling for a ban on textile fabric imports could impose substantial collateral costs," stated Dike Onwumaeze, representing the CPPE. The center emphasizes that while supporting local production is important, a sudden ban without adequate domestic capacity could stifle growth and negatively impact businesses that have integrated imported fabrics into their operations. The CPPE advocates for policies that foster sustainable growth within the sector rather than abrupt measures that could destabilize it.

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The Senate’s resolution calling for a ban on textile fabric imports could impose substantial collateral costs