Home / All / Fiber & yarn / Nigeria to save N 3.6 trillion in 5 yrs through NSCRM
Middle East textile Journal February Digital Issue
cotton from Turkmenistan

Nigeria to save N 3.6 trillion in 5 yrs through NSCRM

Nigeria will save at least N 3.6 trillion in five years through the Natural Strategy for Competitiveness in Raw Materials (NSCRM), according to science minister Ogbonnaya Onu, who recently told Manufacturers Association of Nigeria (MAN) president Mansur Ahmed that technology will be developed to promote innovation and make state-funded research industry-driven.

Nigerian textile companies are members of MAN.

Research efforts by the ministry of science and technology will now be focussed on national needs, enabling the country to stop import of products that can be manufactured domestically, he said.

The ministry has developed a leather policy as well, he said.

The Bt cotton variety launched by the National Biotechnology Development Agency (NABDA) would resuscitate Nigeria’s moribund textile industry and rejuvenate the cotton sector, a Nigerian newspaper report quoted the minister as saying.

About Kohan Journal

Kohan Textile Journal is the leading magazine for the Textile industry, Textile machinery, Synthetic Fibers and Nonwovens in MENA region (the Middle East and North Africa) and is published every two months. It basically emphasizes on textile machinery, textile products, carpet and synthetic fibres distributed among the factories, manufacturers, and traders of floorcovering industries.l

Check Also

Brazilian cotton prices drop 0.35% in February

The Center for Advanced Studies on Applied Economics (CEPEA)/ESALQ cotton Index, with payment in 8 …

Leave a Reply

Your email address will not be published. Required fields are marked *

error: Content is protected!!