MAN urges FG to relax conditions attached on textile fund

The Director-General, Manufacturers Association of Nigeria (MAN), Mr Segun Ajayi-Kadri, has appealed to the Federal Government to relax the tough conditions attached to disbursement of the Textile Intervention Fund.

He said that the appeal became necessary due to the bureaucracy and strict conditions surrounding the allocation of the fund, saying that there was need to revitalise the textile industry.

“The textile industry had suffered a lot of bashing, especially as a result of smuggling and other infrastructure deficiencies.

Ajayi-Kadri said that manufacturers were finding it difficult to benefit from the fund due to some bottlenecks and strict conditions attached to it.