President Muhammadu Buhari is to review government’s recent decision to unban the importation of textile products into the country.
A highly placed government official who spoke on the matter on condition of anonymity because he was not authorised to speak on the issue disclosed that the Nigeria Customs service which announced the decision recently has been asked to explain the rationale behind the decision.
According to the official, the decision to unban the importation of textiles was made in the final weeks of the last administration which sent a directive to the Nigeria Customs Service conveying government decision on the matter.
The source argued that due to the implications of flooding the markets with cheap textile products from Asian countries, a move which could kill off the already moribund local textile industry and exacerbate unemployment, the government would soon reverse the policy.
It would be recalled that in an editorial on June 29, Ships & Ports Daily had called on the Federal Government to reverse the unbanning of the importation of textile products into the country, citing adverse implications on employment in the nation’s textile sector and other factors.
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