Nigeria's Minister of Arts, Tradition and Artistic Financial system, Hannatu Musawa, has revealed that the nation is dropping $3 billion yearly as a result of import of materials from Ankara.
This fashionable wax print material is broadly consumed in West and Central Africa, however surprisingly, nearly 90% of it’s manufactured outdoors the continent.
Musawa made this revelation through the Artistic Africa Nexus Weekend (CANEX WKND) 2024 in Algiers.
She burdened the significance of strengthening Africa's vogue and textile business, noting that the worldwide vogue business is valued at roughly US$2.5 trillion.
In Nigeria alone, the style business contributes roughly $6.1 billion to GDP, whereas South Africa's textile sector employs over 140,000 folks, demonstrating the sector's capability to create jobs.
Musawa emphasised that investments in vogue will create tens of millions of jobs, particularly for ladies and youth.
“We should reclaim our vogue story by strengthening native manufacturing capabilities and making certain the advantages of this vibrant business stay inside our borders.
“Style is far more than a type of expression; it’s an financial powerhouse,” Musawa mentioned.
To handle this problem, the ministry is growing manufacturing facilities and craftsmanship coaching applications as a part of the Design Nexus and Vacation spot 2030 initiative. This initiative goals to raise Nigeria's arts, tradition and inventive financial system to a number one place.
Musawa famous that Africa's vogue business is predicted to develop to $15.5 billion by 2025, highlighting the necessity to tackle structural challenges that hinder native manufacturing.
By increasing native manufacturing, Africa can place itself as a worldwide hub for vogue, creating tens of millions of jobs and boosting financial development.
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