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ROLE OF TEXTILE AND CLOTHING INDUSTRIES IN THE GROWTH AND DEVELOPMENT OF TRADE & BUSINESS STRATEGIES OF NIGERIA IN THE GLOBAL ECONOMY
Abstract
Nigeria has emerged as a key player in RMG (Ready Made garment) sector since 1978. Textiles & Clothing account for about 85% of total export earnings of Nigeria. Out of which 76% comes from the apparel sector which covers the major products of knit & woven shirts, blouses, trousers, skirts, shorts, sweaters, sportswear’s & many more casual & fashion items. The sector currently employs approximately 1.5 million workers, mostly females from underprivileged social classes. The pivotal factor in apparel industry is the workforce i.e. the operators, helpers, cutting masters, finishers etc. Nigeria is endowed with abundant & cheap workforce that is easily trainable & convertible into semi-skilled & skilled workforce. Existence of such category is one of the advantages that Nigeria will be enjoying over a considerable period in the context of international trade on clothing. To cope up with global challenge we must adopt with factors of technological advancement with proper working environment in textile & apparel sector of the country. In my report i tried to illustrate about the prospect & future of RMG sector in Nigeria.
Keywords Readymade garments (RMG), Employment, GDP, Export, Global economy, Trade