L
LequteMan
Guest
Workers at the Nigerian textile industry are facing massive job losses following the woes betiding the sector.
Stakeholders say the recent forex policy of the central bank hampers them from importing raw materials.
Deputy General Manager of Hafar Industries, Dr. Michael Adebayo, according to PUNCH said he would have to sack more of his workers after closing a major production line and asking the workers to go on compulsory leave.
“I will have to sack my workers next month because our suppliers have notified us that they will no longer be sending raw materials to us since we been unable to access forex to pay for the supplies,” he said.
The sector is also facing a dearth of locally made raw materials. This is due to the suspension of the distribution of subsidized fertilizers to farmers, Acting DG of the Nigerian Textile Manufacturers Association and Nigerian Textile, Garments and Tailoring Employers Association, Hamma Kwajaffa, said.
The scheme that was initiated by former Minister of Agriculture and Rural Development, Dr. Akinwumi Adesina, under the Growth Enhancement Support progarmme of the Federal Government.
Kwajaffa said the suspension of the scheme which allowed farmers to receive fertilizers and inputs through subsidized electronic vouchers had left cotton farmers without resources to continue to grow the crop and most of them have stopped growing cotton.
Stakeholders say the recent forex policy of the central bank hampers them from importing raw materials.
Deputy General Manager of Hafar Industries, Dr. Michael Adebayo, according to PUNCH said he would have to sack more of his workers after closing a major production line and asking the workers to go on compulsory leave.
“I will have to sack my workers next month because our suppliers have notified us that they will no longer be sending raw materials to us since we been unable to access forex to pay for the supplies,” he said.
The sector is also facing a dearth of locally made raw materials. This is due to the suspension of the distribution of subsidized fertilizers to farmers, Acting DG of the Nigerian Textile Manufacturers Association and Nigerian Textile, Garments and Tailoring Employers Association, Hamma Kwajaffa, said.
The scheme that was initiated by former Minister of Agriculture and Rural Development, Dr. Akinwumi Adesina, under the Growth Enhancement Support progarmme of the Federal Government.
Kwajaffa said the suspension of the scheme which allowed farmers to receive fertilizers and inputs through subsidized electronic vouchers had left cotton farmers without resources to continue to grow the crop and most of them have stopped growing cotton.
