• Home
  • About Us
  • Contact Us
Saturday, July 5, 2025
  • Home
  • News
  • Politics
  • Fanfare
  • Culture
  • Education
  • Entertainment
  • Health
  • Travel and Tourism
  • More
    • Editorial
    • Business
    • Crime and Security
    • Opinion
    • Sports
No Result
View All Result
  • Home
  • News
  • Politics
  • Fanfare
  • Culture
  • Education
  • Entertainment
  • Health
  • Travel and Tourism
  • More
    • Editorial
    • Business
    • Crime and Security
    • Opinion
    • Sports
No Result
View All Result
No Result
View All Result

Nigeria loses $3bn annually to imported ankara fabrics — Minister

Peter Olajide by Peter Olajide
October 21, 2024
in News
0
Nigeria loses $3bn annually to imported ankara fabrics — Minister
3.3k
VIEWS

You might also like

BUILDING COLLAPSE: We Don’t Want to Lose Lives or Properties — Akin-Funmilayo

BUILDING COLLAPSE: We Don’t Want to Lose Lives or Properties — Akin-Funmilayo

July 4, 2025
“We Thought They Had Forgotten Us” — Jubilation as Dr. Temitope GLORIOUS Flags Off Reconstruction of Odo Onisebe Bridge

“We Thought They Had Forgotten Us” — Jubilation as Dr. Temitope GLORIOUS Flags Off Reconstruction of Odo Onisebe Bridge

July 4, 2025

...To get all news updates, Join our WhatsApp Group (Click Here)

•Stresses need to empower local textile ecosystem

Minister of Art, Culture, and Creative Economy, Hannatu Musawa, has said that Nigeria loses $3 billion annually to foreign manufacturers of ankara, a popular wax print in West and Central Africa.

Musawa stated this in Algiers, last week, at the Creative Africa Nexus Weekend (CANEX WKND) 2024.

How my Husband died during our fight over another woman he impregnated – Beatrice, ex-convict0:01 / 1:07

The minister’s Special Adviser on Media and Publicity, Nneka Anibeze, in a statement said that Musawa stressed the need to empower Africa’s fashion and textile ecosystem, Musawa said fabrics such as adire, kente, bogolan, and ankara embody Africa’s pride, history, and identity.

Musawa stated: “Despite this heritage, it is deeply ironic that many of the fabrics we cherish, such as ankara, are predominantly produced outside Africa.

“Nearly 90 percent of the ankara consumed on our continent is imported, leading to an annual loss of approximately $3 billion to foreign manufacturers. We must change this.

“We must reclaim our fashion narrative by strengthening local production capacities and ensuring that the benefits of this vibrant industry remain within our borders.”

Also Read:  Agboworin Lauds Makinde Over Approval Of 80,000 Minimum Wage For Oyo Workers

She said Africa’s fashion industry is projected to grow to $15.5 billion by 2025, and called for actions to address structural challenges hindering local production.

“Fashion is far more than a form of expression. It is an economic powerhouse. The global fashion industry is valued at approximately $2.5 trillion. In Nigeria alone, the fashion industry contributes approximately $6.1 billion to GDP, while South Africa’s textile sector employs over 140,000 people, demonstrating the sector’s capacity for job creation.

“Investments in fashion will create millions of jobs, particularly for women and youth. By expanding local production, we will not only add value within our borders but also position Africa as a global hub for fashion,” she stated.

Musawa said the ministry is working to establish manufacturing hubs and craftsmanship training programmes under the design nexus and destination 2030 initiative across Africa.

She added that the initiative aims to position Nigeria’s arts, culture, and creative economy at the forefront.


You can get every of our news as soon as they drop on WhatsApp ...To get all news updates, Join our WhatsApp Group (Click Here)
Previous Post

Breaking News:Nigerian Immigration Service Arrests Controversial Celebrity Bobrisky at Seme Border

Next Post

GOVERNOR SEYI MAKINDE: REVIVING TECHNICAL EDUCATION IN OYO STATE FOR A PROSPEROUS FUTURE By Omoniyi Afeez (Oxygen), A Member of GSM Advocates

Peter Olajide

Peter Olajide

Related Stories

BUILDING COLLAPSE: We Don’t Want to Lose Lives or Properties — Akin-Funmilayo

BUILDING COLLAPSE: We Don’t Want to Lose Lives or Properties — Akin-Funmilayo

by Peter Olajide
July 4, 2025
0

The Oyo State Commissioner for Lands, Housing and Urban Development, Mr. Akin-Funmilayo Williams, has called on developers and homeowners to...

“We Thought They Had Forgotten Us” — Jubilation as Dr. Temitope GLORIOUS Flags Off Reconstruction of Odo Onisebe Bridge

“We Thought They Had Forgotten Us” — Jubilation as Dr. Temitope GLORIOUS Flags Off Reconstruction of Odo Onisebe Bridge

by Peter Olajide
July 4, 2025
0

  It was a day of heartfelt celebration at the Oritamerin-Babanla (Odo Onisebe Bridge) area, Ward 7 of Ona Ara...

Oyo Circular Road Will Transform Ibadan’s Economic Landscape — Advisory Council  …As Road is poised to attract investment, unlock new development zones

Oyo Circular Road Will Transform Ibadan’s Economic Landscape — Advisory Council …As Road is poised to attract investment, unlock new development zones

by Peter Olajide
July 2, 2025
0

  ...Strategic roads to divert traffic from city center, attract investment, drive economic growth     The Oyo State Government...

Breaking-Ogundoyin Meets NGF, Chairman, Abdulrasaq, Seeks Synergy for Legislative Reforms, Constitutional Amendments

Breaking-Ogundoyin Meets NGF, Chairman, Abdulrasaq, Seeks Synergy for Legislative Reforms, Constitutional Amendments

by Peter Olajide
July 2, 2025
0

In a continued push to strengthen legislative governance and accelerate constitutional reforms across Nigeria, the Chairman of the Conference of...

Next Post
GOVERNOR SEYI MAKINDE: REVIVING TECHNICAL EDUCATION IN OYO STATE FOR A PROSPEROUS FUTURE  By Omoniyi Afeez (Oxygen), A Member of GSM Advocates

GOVERNOR SEYI MAKINDE: REVIVING TECHNICAL EDUCATION IN OYO STATE FOR A PROSPEROUS FUTURE By Omoniyi Afeez (Oxygen), A Member of GSM Advocates

Recommended

Oyo Rep Member, Agboworin, Visits Special School In Ibadan, Donates Food Items, Cash, Promises Continuous Support 

Oyo Rep Member, Agboworin, Visits Special School In Ibadan, Donates Food Items, Cash, Promises Continuous Support  …promises to pay 2024 NECO exam fees for students 

February 3, 2024
Deji Ola, Friends Distribute Clothes and Essentials, Call for More Volunteers

Deji Ola, Friends Distribute Clothes and Essentials, Call for More Volunteers

June 1, 2025

Popular Story

  • Breaking: Ibadan North Rep Member, Akinremi Dies

    Breaking: Ibadan North Rep Member, Akinremi Dies

    1020 shares
    Share 408 Tweet 255
  • Oyo Ad-hoc Staff Appeal to Governor Makinde

    955 shares
    Share 382 Tweet 239
  • Jubilation As Makinde Pays December Salaries Early

    879 shares
    Share 352 Tweet 220
  • Breaking: Ex Oyo Lawmaker, Hon Babatunde Eesuola is dead.

    864 shares
    Share 346 Tweet 216
  • Breaking : Two Years After Becoming Olubadan, Oba Balogun Joins Ancestors At 82

    861 shares
    Share 344 Tweet 215

Stay up-to-date with the latest happenings in Oyo State! From breaking news to in-depth updates on local events, our blog covers it all. Visit us regularly to stay informed about everything that matters in your community

  • Home
  • About Us
  • Contact Us

© 2024 Naija24hrs - Website Designed by Samtech Media (+2348103682435)

No Result
View All Result
  • Home
  • News
  • Politics
  • Fanfare
  • Culture
  • Education
  • Entertainment
  • Health
  • Travel and Tourism
  • Editorial
  • Crime and Security
  • Business
  • Opinion
  • Sports

© 2024 Naija24hrs - Website Designed by Samtech Media (+2348103682435)

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?