Edo State Governor Adams Oshiomhole on Tuesday in Benin blamed wrong government policy formulation for the extinction of the once-flourishing textiles industry in the country.
He told the News Agency of Nigeria that the `death’ of those industries led to the loss of hundreds of thousands of jobs and those affected had to look elsewhere for their means of livelihood.
Oshiomhole expressed regret that rather than create employment opportunities for its teeming unemployed youths, successive governments only brought untold hardship to the people.
``That is why I lament the fact that Nigeria, and here we have to hold the Federal Government responsible, not necessarily the present, but successive governments at the centre.
``Through a combination of measures of fiscal and monetary policies, as well as tarried policies and corruption in the ports and in the Customs, the textile industry has disappeared.
``So we have lost an industry that was capable of providing over three to four million jobs.
``In Bangladesh, their textiles sector accounts for 60 per cent of their national income, employing over eight million persons,” the governor said.
Oshiomhole told NAN that the textiles sector would be useful to the country because Nigerians like to dress proudly, but they now buy more than 95 per cent of their dresses abroad.
He said the government’s liberalisation policy, rather than grow the economy, brought tales of woes because government did not allow investors to take advantage of the exemption of the trade liberalisation.
``We killed the textiles and plastics industries because of crazy government policies. Successive governments over the years made importation business more lucrative than developing our own local industries,” Oshiomhole added.