• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Wednesday, October 8, 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

Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎

Atiku’s hunger revolution, delusional – TMSG

‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG

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

Consumer commission, CBN, EFCC investigate violations in money lending
Economy/Technology

Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎

September 24, 2025
Drop your frustration, let President Tinubu be, Group picks on Atiku
Economy/Technology

Atiku’s hunger revolution, delusional – TMSG

September 23, 2025
‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG
Economy/Technology

‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG

September 22, 2025
2023 maritime, shipping outlook force experts to call for aid
Economy/Technology

Leap in non-oil exports gain of Nigeria:s economic diversification ‎

September 17, 2025
NBS reports increase in Inflation
Economy/Technology

Think Tank ‎projects 17% inflation rate by year-end, urges CBN to ease benchmark rate ‎

September 17, 2025
Old pension scheme beneficiaries get a boost in entitlements
Economy/Technology

‎GROUP LAUDS INSURANCE SCHEME FOR RETIREES IN NIGERIA. ‎

September 14, 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

Nigeria’s food monthly imports dip

One-third of global Economy in recession says Emefiele

October 25, 2022
Eswatini for $140m Afreximbank’s credit

Afreximbank, SADC business council inaugurate Africa trade investment marketplace

August 11, 2022
Osinbajo takes tradermoni to Lagos

Osinbajo takes tradermoni to Lagos

November 13, 2018

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

  • Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎
  • Atiku’s hunger revolution, delusional – TMSG
  • ‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG

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