• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Saturday, June 28, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Association seeks support to reposition cotton

Cotton

The Matters Press by The Matters Press
January 27, 2023
Reading Time: 2 mins read
0
Nigeria seeks collaboration to resuscitate cotton industry

The National Cotton Association of Nigeria (NACOTAN), has appealed to government at all levels to support cotton farmers and ginners.

RELATED POSTS

Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group

N1.5trn recapitalisation of Agric bank will herald food security – TMV

Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

The association made the appeal in a communiqué issued on Thursday in Abuja after the end of the 1st Nigeria International Cotton Summit and Expo 2023.

The two-day event which held from Jan. 17 to Jan. 18 in Abuja had the theme: “Revamping the Cotton Value Chain’’.

The communiqué signed by the Director of Administration, NACOTAN, Mr Ado Sule and Chairman, Conference Organising Committee, Mr Felix Egbamuno, also urged the Federal Government to revive the textile and garment sub-sectors.

While emphasising the urgent need to revamp the Cotton Textile and Garment (CTG) sub sector, the communiqué said that it was crucial in curbing smuggling of cotton products into the country.

“Revamping the CTG sector is significantly hinged on reducing smuggling at the country’s borders.

“Government must provide a more aggressive control at country’s borders by setting up anti-smuggling task force at all points of our borders.’’

The association said that the Federal and state governments must as a matter of urgency eliminate multiple taxation on CTG industries.

According to the communiqué, there is the need for earnest desire of all the industry players in the CTG sector to bring about a turn-around in the fortunes of this major sector of the manufacturing industry in Nigeria.

“NACOTAN must ensure that cotton farming in Nigeria is rebranded to become competitive and attractive, especially to the teeming youths of our nation,’’ it said.

The association also urged military and paramilitary agencies to patronise the Nigerian cotton, textile and garment sector in sourcing fabrics, uniforms and blankets for soldiers, prisoners and others.

The association urged the Federal Government to re-introduce the Anchor Borrowers Programme (ABP) to promote cotton farming in the country.

The communiqué said that the sudden stoppage of the (ABP) after two years created problem of continuity.

The association emphasised the need for the Central Bank of Nigeria (CBN) to fine-tune the programme to run for at least five years to achieve its aim.

“NACOTAN must alert the CBN of the need to fine-tune the programme to run for at least five years in order that the full impact of the programme can be seen.

“NACOTAN must as a matter of priority, convince the need to pay the outstanding balance of input supplies and service providers who executed their contracts fully but whose payments have been put on hold since 2020.’’

According to the communiqué, a committee will be set up to follow up on policies of government that are geared toward repositioning the cotton sub-sector.

The communiqué promised that NACOTAN would continue to play its role as the umbrella body for the Cotton, Textiles and Garment sector of Nigeria by promoting synergy among stakeholders in the sector.

Tags: Cotton
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

$2.5 billion JBS investment, a big economic victory for Nigeria –  TDF
Economy/Technology

Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group

June 27, 2025
ActionAid, SWOFON call for urgent completion of BOA recapitalisation
Agriculture

N1.5trn recapitalisation of Agric bank will herald food security – TMV

June 26, 2025
Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF
Energy

Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

June 25, 2025
Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope
News

Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope

June 25, 2025
79 candidates for presidential election
News

Tinubu’s new INEC building: A consolidation of democratic institutions, legacy in Nigeria – TDF

June 23, 2025
Gombe: Troops take over to enforce peace
News

Nigerian Army kills 6,260 terrorists, rescues 5,365 civilians in 2 years

June 20, 2025
Next Post
Onne port Customs generates N242b in 2022

Onne port Customs generates N242b in 2022

Lekki Port to facilitate trade volume growth, increase GDP

Lekki Deep Seaport to boost non-oil revenue — NEPC

Recommended Stories

Trading in Nigerian stock market dips further N83bn

Equity market declines by N192bn

December 8, 2023
Tinubu emerges new ECOWAS Chairman

Single currency not realistic in ECOWAS by – WAMZ

March 12, 2024
Tinubu steering Nigeria away from Venezuela-like tragedy – IMPI

Tinubu steering Nigeria away from Venezuela-like tragedy – IMPI

November 3, 2024

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group
  • N1.5trn recapitalisation of Agric bank will herald food security – TMV
  • Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us