The Centre for the Promotion of Private Enterprises (CPPE) warns that the Nigerian Senate’s resolution calling for a ban on textile imports could harm the economy and employment rather than achieve its goals. In statements reported by multiple outlets, CPPE’s chief executive director, Dr Muda Yusuf, says the policy could disrupt activities across the textile and fashion value chain and lead to higher costs for consumers and businesses. CPPE projects significant economic impact, citing potential losses of about N7 trillion and up to 10 million jobs if imported textiles are restricted. The group also says the move could weaken overall economic value by affecting firms that depend on imported materials and supply arrangements. CPPE’s warnings are presented as a response to the Senate’s decision reported to have been made on June 9, 2026. While the Senate’s action is framed as an attempt to address textile imports, CPPE argues that the ban’s likely outcomes include job losses and reduced economic output, urging reconsideration of the approach.
CPPE warns Nigeria’s Senate textile import ban could cost jobs and N7tn
The Centre for the Promotion of Private Enterprises (CPPE) warns that the Nigerian Senate’s resolution calling for a ban on textile imports could harm the economy and employment rather than achieve it...
- CPPE says the Senate has called for a ban on textile imports.
- CPPE warns the ban could increase costs and disrupt the textile and fashion value chain.
- CPPE projects potential losses of about N7 trillion to Nigeria’s economy.
- CPPE estimates up to 10 million jobs could be affected.
- CPPE made its position through statements attributed to Dr Muda Yusuf in response to the Senate’s June 9, 2026 resolution.
The CPPE warns Senate’s proposed textile import ban could disrupt Nigeria’s fashion industry, increase costs, threaten 10 million jobs and weaken economic value.
3 hours agoThe Centre for the Promotion of Private Enterprises has said the Senate’s recent resolution to place a ban on textile imports will be doing more harm to the Nigerian economy than good. CPPE chief executive director, Dr Muda Yusuf disclosed this in a statement on Sunday. Recall that the Senate on June 9, 2026, made resolutions […] Textile import ban: Nigerian economy risks losing N7tn, 10m jobs – CPPE tells Senate
8 hours ago
George Russell wins Austrian Grand Prix, holding off Max Verstappen for Mercedes
George Russell wins the Austrian Grand Prix at the Red Bull Ring, holding off a late challenge from Max Verstappen to ta...
Jaylen Brown responds to analytics claim amid Boston Celtics trade rumors
Boston Celtics forward Jaylen Brown responds publicly to criticism tied to player-evaluation analytics, following a repo...
Lakshay and Ujjwal win India’s first rowing World Cup gold
Indian rowers Lakshay and Ujjwal receive praise after winning their maiden gold medal at a World Cup event in rowing, wi...