{"id":65011,"date":"2025-04-28T15:39:23","date_gmt":"2025-04-28T15:39:23","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=65011"},"modified":"2025-04-28T15:39:23","modified_gmt":"2025-04-28T15:39:23","slug":"nigerias-cotton-industry-set-to-reap-90bn-by-2035","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2025\/04\/28\/nigerias-cotton-industry-set-to-reap-90bn-by-2035\/","title":{"rendered":"Nigeria\u2019s Cotton Industry Set to Reap $90bn by 2035"},"content":{"rendered":"<p><strong>By Ifeoluwa Odunayo<\/strong><\/p>\n<p>Nigeria\u2019s cotton industry is poised for a major resurgence following the approval of the Cotton, Textile, and Garment Development Board (CTGDB) by the National Economic Council (NEC).<\/p>\n<p>The initiative, a key part of the government\u2019s economic strategy, is expected to generate up to $90 billion by 2035.<\/p>\n<p>Funded through the Textile Import Levy from the Nigeria Customs Service, the CTGDB will be based in the Presidency.<\/p>\n<p>While Nigeria has the potential to grow cotton in 34 states, current production remains low at just 13,000 metric tons annually.<\/p>\n<p>The new plan aims to revive the industry, reduce textile imports, and create jobs, marking a significant step towards economic diversification.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Ifeoluwa Odunayo Nigeria\u2019s cotton industry is poised for a major resurgence following the approval of the Cotton, Textile, and Garment Development Board (CTGDB) by the National Economic Council (NEC). The initiative, a key part of the government\u2019s economic strategy, is expected to generate up to $90 billion by 2035. Funded through the Textile Import [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":65012,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173,172],"tags":[59],"class_list":["post-65011","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-news","tag-featured"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/65011","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=65011"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/65011\/revisions"}],"predecessor-version":[{"id":65013,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/65011\/revisions\/65013"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/65012"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=65011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=65011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=65011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}