The Bank of Industry (BOI), in collaboration with the Federal Ministry of Industry, Trade and Investment, has reaffirmed its commitment to the revitalisation of Nigeria’s Cotton, Textile, and Garment (CTG) sector, a once-thriving pillar of the nation’s industrial economy.
On Tuesday, August 5th, 2025, BOI Managing Director/CEO Dr. Olasupo Olusi joined the Honourable Minister of State for Industry, Senator John Owan Enoh, on a strategic inspection tour of key textile manufacturing sites in Kaduna State, including United Nigeria Textiles Limited (UNTL) and Chellco Industries.
This initiative forms part of President Bola Ahmed Tinubu’s Agenda 7, which prioritises inclusive economic growth, job creation, and sustainable industrial development.
“This revitalisation is about improving lives across the entire value chain, from cotton farmers to factory workers,” said Dr. Olusi. “We see it as a strategic step toward rebuilding our industrial future and restoring investor confidence.”
As part of this effort, the Bank of Industry is taking concrete steps to unlock targeted funding that will breathe new life into the CTG ecosystem, enabling sustainable operations, driving job creation, and expanding export potential.
BOI remains steadfast in its commitment to this transformation, working alongside government ministries, industry leaders, and investors to unlock Nigeria’s full industrial potential and restore its reputation as a leader in African manufacturing.
