On moves to revive the cotton and textile industry

Nigeria's inauguration of a Cotton, Textile and Garment (CTG) Development Board represents a significant policy pivot toward industrial renaissance in Africa's largest economy. For European entrepreneurs and investors, this development warrants serious attention—though with cautious optimism tempered by Nigeria's checkered history with industrial policy execution. The textile sector once formed the backbone of Nigeria's manufacturing economy. During the 1970s and 1980s, the industry employed over 250,000 workers and generated substantial foreign exchange. However, decades of mismanagement, infrastructure decay, and the influx of cheap imported clothing have left the sector in severe distress. Today, Nigeria's textile production has collapsed to less than 10% of peak capacity, with most mills operating at minimal levels or shuttered entirely. The establishment of a dedicated development board signals a recognition that textile revival requires coordinated government intervention. Nigeria possesses several competitive advantages that European investors should consider: abundant cotton production across northern regions, a domestic market of over 220 million consumers, and a growing middle class with increasing purchasing power. Additionally, Nigeria's strategic position as West Africa's manufacturing hub presents opportunities for regional export platforms serving neighboring economies. **Market Implications for European Investors** The opportunity extends beyond simple manufacturing. European textile technology providers, machinery suppliers,