National Coordinator, Nigerian Cotton Cooperative Society, Ms. Ololade Majekodunmi has revealed that the Federal Government’s cotton initiatives will go a long way towards improving the country’s economy positively.
She recently announced that the approval of the establishment of the Cotton, Textile and Garment Development Board will take Nigeria’s industrial and agricultural strides to the next level.
She said that the board, alongside an effective N90 billion agribusiness and livestock plan by the National Economic Council (NEC), proves that the Federal Government remains committed to aiding economic diversification under its Renewed Hope Agenda.
Speaking via a press statement, Ms. Ololade, who is also Managing Director, House of Dorcas Integrated Services (HDI), disclosed that the initiatives are futuristic and applaudable because they have what it takes to completely transform the cotton industry.
“This dual approval signals a strong Federal Government commitment to revitalise Nigeria’s critical industrial sectors and drive economic diversification under the Federal Government’s Renewed Hope Agenda
The CTG Development Board will serve as the central coordinating body for Nigeria’s cotton-to-garment value chain, fostering investments, policy harmonisation and stakeholder collaboration to restore the sector’s historical role in employment and export growth,” she said.
According to her, the N90 billion agric business and livestock plan will develop the nation’s livestock sector via key initiatives like cattle ranching, feed and fodder development, breed enhancement, and water resource management.
Majekodunmi added that the NEC-approved plan also guarantees the transfer of N100 billion to the newly-established Federal Ministry of Livestock Development, and that will go down in history as a transformative moment for Nigeria’s agro-industrial landscape.
“Parallelly, the N90 billion agric business and livestock plan aims to modernise Nigeria’s livestock industry through initiatives including cattle ranching, feed and fodder development, breed improvement, and water resource management.
The plan also facilitates the transfer of N100 billion in approved funds to the newly established Federal Ministry of Livestock Development to accelerate these efforts.
The NEC’s approval represents a transformative moment for Nigeria’s agro-industrial landscape.
On behalf of the Nigeria Cotton Society, Chief Aneibi Achimugu, and the entire CTG Stakeholders community, we commend the Federal Government for this visionary investment,” she added.
