Textile import ban: Nigerian economy risks losing N7tn, 10m jobs – CPPE tells Senate

The Centre for the Promotion of Private Enterprises has said the Senate’s caller solution to spot a prohibition connected textile imports volition beryllium doing much harm to the Nigerian system than good. 

CPPE main enforcement director, Dr Muda Yusuf disclosed this successful a connection on Sunday. 

Recall that the Senate connected June 9, 2026, made resolutions connected the full prohibition connected textile imports successful a bid to revive the Nigerian textile industry. 

The resolutions followed the adoption of a question sponsored by Senator Sunday Katung, representing Kaduna South, titled ‘urgent request to revive the textile industries successful Nigeria with peculiar notation to the Kaduna-Kano Axis’. 

However, successful a absorption on Sunday, CPPE said the resolutions posed superior hazard to the country’s textile industry, valued astatine astir N7 trillion and estimated to employment 10 cardinal people. 

According to the economy-centric group, the determination would disrupt millions of jobsalready provided successful the textile industry. 

CPPE explained that the textile import prohibition proposition by the Senate addresses the grounds portion leaving the underlying causes unresolved.

Yusuf noted that the existent challe...