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๐Ÿ‡ณ๐Ÿ‡ฌ Nigeria /Economy & Trade

FG Backs Abuja Garment Factory to Curb Imports, Boost Industrialization

From The Punch · (4m ago) English Positive tone

Translated from English, summarized and contextualized by DistantNews.

TLDR

  • The Nigerian Federal Government supports a new garment factory in Abuja to reduce clothing imports and boost industrialization.
  • The Modish Garment Factory, an investment by Nigerian fashion house Moโ€™Afrique, aims to leverage the African Continental Free Trade Area for expansion.
  • The government emphasizes its commitment to supporting entrepreneurs and fostering private sector investment to drive economic growth and job creation.

The Federal Government of Nigeria has officially endorsed the newly commissioned Modish Garment Factory in Abuja, hailing it as a pivotal stride towards diminishing the nation's substantial reliance on imported apparel and accelerating industrialization. This initiative aligns with the administration's broader agenda to stimulate economic expansion through robust private sector engagement and entrepreneurship.

We expect you to have your garments all across Africa and the rest of the world using the African Continental Free Trade Area. Itโ€™s a pride for the Ministry; itโ€™s a pride for the administration. This is what generates jobs, employment, and the GDP.

โ€” Olajumoke OduwoleThe Minister of Industry, Trade, and Investment expressed her expectations for the factory's regional and global reach and its economic impact.

During the factory's unveiling, the Minister of Industry, Trade, and Investment, Olajumoke Oduwole, lauded Moโ€™Afrique's Founder and Creative Director, Omobolanle Olawole, for her significant investment in Nigeria's textile and garment sector. Minister Oduwole expressed strong expectations for the factory to capitalize on opportunities presented by the African Continental Free Trade Area (AfCFTA), envisioning its products reaching markets across Africa and globally. "It's a pride for the Ministry; it's a pride for the administration," she stated, highlighting the factory's role in generating employment and contributing to the Gross Domestic Product (GDP).

I have already charged her to export her garments to the rest of Africa and the world using AfCFTA. This is what this administration stands for: supporting entrepreneurs for productivity, and we support them to solve business climate challenges, and that is why I am here to support them today. Today is really a day of great work, and Omobolanle, I am proud of you.

โ€” Olajumoke OduwoleThe Minister reaffirmed the government's commitment to supporting entrepreneurs and addressing business challenges.

The Minister further encouraged other Nigerian entrepreneurs, acknowledging the inherent challenges but emphasizing the transformative power of perseverance, citing Olawole's journey from a small bedroom operation a decade ago to establishing a full-scale factory. The government reiterated its unwavering support for Nigerian entrepreneurs, recognizing their resilience and determination in navigating a complex business environment. This project exemplifies the administration's dedication to fostering productivity and addressing business climate challenges, signaling a promising future for the local garment industry.

This is a historic occasion. Today is not just about unveiling a brand or opening a facility; it is about vision, resilience, and the promise of a brighter future for the Nigerian garment and clothing industry.

โ€” Omobolanle OlawoleThe Founder and Creative Director of Moโ€™Afrique described the significance of the factory's launch and the company's decade-long journey.
DistantNews Editorial

Originally published by The Punch in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.