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Reading: FG To Subsidize Adire Production, Reduce Foreign Imports – Minister
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Nigerian News, Politics, Business, Economy, Investment, Entertainment and Sports. > Blog > Business > FG To Subsidize Adire Production, Reduce Foreign Imports – Minister
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FG To Subsidize Adire Production, Reduce Foreign Imports – Minister

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Last updated: November 5, 2023 12:00 am
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3 years ago
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The Federal Government is set to provide subsidies to boost the production of Adire, a locally-made fabric, and combat the influx of foreign alternatives.

Mrs. Betta Edu, the Minister of Humanitarian Affairs and Poverty Alleviation, made this announcement during her visit to the Adire mall in Itoku, Abeokuta.

Edu emphasized the government’s commitment to creating industrial hubs nationwide, particularly to benefit market women and enhance revenue.

She expressed the government’s intention to promote Adire on the global stage and stressed the need to restrict the importation of foreign Adire products.

Edu explained that by promoting and subsidizing local production, the government could eliminate the infiltration of foreign-made Adire into the market.

She underlined the importance of supporting local products to meet the demand, create jobs, boost the economy, and reduce the country’s reliance on imports.

The Minister also mentioned that the government would provide subsidies for Adire producers, similar to how they had done with fuel subsidies. This support aims to encourage the production of local Adire for both domestic and international markets.

Edu expressed her appreciation to Governor Dapo Abiodun of Ogun State, who promised to establish hubs in Abuja for the sale of authentic Adire.

She sees this as an opportunity to showcase this unique fabric to the world and boost local production, enabling more people to earn a living and support their families.

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TAGGED:Adire productionEconomic DevelopmentFederal GovernmentIndustrial hubsLocal fabricMarket womenMinister's announcementPromoting local productsReducing foreign importssubsidies
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