Impact of African Continental Free Trade Area (AfCFTA) for the textile and apparel industry in West Africa
Source Textile and Apparel Show – Dates Announced for 2022 We are delighted to announce that the Source Textile & Apparel West Africa exhibition and conference will be held from 8 – 10 November, 2022. We have registered strong interest from exhibitors and visitors from 17 countries about their participation in an expanded event format. …
Understanding West Africa as an Emerging Apparel Sourcing Hub and Its New Sustainable Development Model
Understand West Africa as an Emerging Apparel Sourcing Hub and Its New Sustainable Development Model West Africa’s Textile & Apparel market is rapidly expanding. Although considered nascent when compared to Asia’s more developed markets, it’s many greenfield opportunities also mean there are fewer legacy challenges to contend with. This offers a ripe opportunity for investors…
6 tips to increase sales using social media
6 tips to increase sales using social media The landscape of social media has changed significantly over the years. Think back to its initial purposes: to connect users with their peers and family, and allow them to create communities online. Now, it’s become the backbone of any brand’s impactful marketing strategy. Some even allocate as…
Despite CBN Ban, Textile Tops Nigeria’s Import Commodities
Despite CBN Ban, Textile Tops Nigeria’s Import Commodities Despite the forex restriction for import goods by the Central Bank of Nigeria (CBN), textile is now the highest imported commodity, latest statistics from the National Bureau of Statistics (NBS) has shown. Recall that in 2019 the CBN, as part of its intervention to revive the textile…
Textile, Apparel and Footwear Sub-sector Remains 2nd Largest Contributor to Nigeria’s Manufacturing
The textile, apparel and footwear sub-sector remains the second largest contributor to Nigeria’s manufacturing (after food, beverage and tobacco). It posted total output of N383bn (US$1.3bn) in Q4 2017 or 23.3% of manufacturing GDP. The segment grew by 1.6% y/y in Q4 2017, compared with 1.1% recorded in the corresponding period of the previous year (see…
Textile & Apparel industry – Nigeria
Conversations about Nigeria’s fashion industry tend to focus on the luxury market segments, ignoring thousands of mid-market & low- market segment brands in the industry. This value segment serves by far the largest number of people, and sell millions of units a month. The Mid & Low market segments are essential in the Nigeria’s market;…