Good Morning Nigeria 02 December 2015: An industry in need of a leg-up
​An industry in need of a leg-up
Today we turn our attention to Nigeria’s textile, apparel and footwear industry, the second largest contributor to the manufacturing sector. The sub-sector accounted for 21% of manufacturing GDP in Q3 2015. However, it contracted by -1.3% y/y. This is understandable considering the economy as a whole is strained due to the current macro headwinds. Industry sources suggest that there are over 30 operational textile mills while 80 are moribund. As for the footwear industry, production in Aba, located in south-east Nigeria, has received global recognition. Investors from Brazil have indicated interest in collaborating with the state government to provide modern machineries aimed at boosting shoe production.
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