The Central Bank Governor, Godwin Emefiele, said this while inaugurating the distribution of cotton seeds and other inputs to over 100,000 cotton farmers in Katsina State for the 2019 farming season on Monday.
The programme aimed at reviving Nigeria’s cotton, textiles and garments sector and improving cotton production from 80,000 tonnes produced in 2018 to over 300,000 tonnes by 2020.
To reverse the trend of smuggling, Emefiele said, “The bank was currently gathering data about, and investigating the accounts of individuals and corporates currently involved in smuggling and dumping textile materials in Nigeria with the ultimate aim of blacklisting the individuals and companies involved in the illicit trade.”
(Punch)
(Punch)
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