According to Nigeria’s “New Telegraph” report on November 18, the Central Bank of Nigeria recently disclosed that in order to revive the Nigerian textile industry, the Central Bank of Nigeria plans to invest 100 billion naira in the textile industry. 50 billion naira has been invested so far.
Central Bank Governor Godwin Emefiele has said that under President Buhari’s executive order, military and paramilitary agencies must procure uniform fabrics domestically.
Not long ago, the Central Bank of Nigeria stopped the settlement of imported textiles and palm oil.
