Nigeria Imports $4 Billion in Cotton Every Year, Says CEO of Arewa Cotton

Nigeria Imports $4 Billion in Cotton Every Year, Says CEO of Arewa Cotton

In addition to serving as the president of the National Cotton Association of Nigeria (NACOTAN), Anibe Achimugu is the managing director of Arewa Cotton and Allied Products Limited. He discusses the difficulties the industry has and potential solutions to increase capacity in an interview with Trust TV.To tell the truth, I don’t think that the textile mills were or have closed because of blatant smuggling, which is a big worry or contributing factor. Additionally, because of the extremely high cost of production, farmers were forced to reduce their output and seek out other options in order to at least support their families. Therefore, the farmers will undoubtedly need to reduce their output if the textile mills that are the primary clients cease to produce.

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