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Nigeria Import And Export Bank Brings Hope Of Textile Industry Recovery
According to Nepal's report, the Nigerian export bank said that the textile industry will get the textile industry recovery fund of the federal government 70 billion Nera in five weeks, and the import and export bank has set up a special department to ensure the successful recovery of the textile industry.
The bank said that the government is making every effort to promote the recovery of the textile industry, in addition to the textile revival fund, it also gives textile enterprises five years' tax exemption, and agrees to provide natural gas and lubricating heavy oil to textile enterprises at a lower price.
If the textile industry can fully recover, it will provide 1 million jobs.
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