Many textile companies in Nigeria have stopped working despite series of funding schemes totalling over N500bn by the government...

No fewer than 120 textile companies in Nigeria have ceased to exist after the government pumped billions of public funds to rescue them.
The Nigerian government has floated a series of funding schemes totalling over N500bn ($1.18bn) in the last 30 years to salvage the local textile industry, according to public information from government institutions, including the Central Bank of Nigeria (CBN)...
Africare's Report..