Decline in textile sector persists as GDP contribution falls 3.6% in 2yrs |
By Yinka KolawoleActivities in Nigeria’s cotton, textile and garment industry continued to trend downward in 2025, with the industry’s contribution to the nation’s Gross Domestic Product, GDP, declining to N4.384 trillion, reflecting persistent structural challenges confronting the sector. Data from the National Bureau of Statistics (NBS) shows that the sector’s output has recorded a steady decline over the past three years. From N4.548 trillion in 2023, the contribution dropped to N4.476 trillion in 2024, before falling further to N4.384 trillion in 2025. This represents a 3.6 per cent decline between 2023 and 2025. The textile sector, once a major economic pillar with over 180 textile mills in the 1980s, is currently in a state of severe decline, with fewer than 20 mills operational. Industry analysts attribute the development to a combination of high production costs, unstable power supply, foreign exchange constraints and rising influx of cheaper imported textiles, which Read more on Vanguard |
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| Publication Date: Tue 10th March, 2026 |